RBI is not written on 1 rupee note, but what is the reason for this? Learn
RBI does not issue one rupee note.
One rupee note is issued by the Government of India.
The one rupee note bears the signature of the Finance Secretary.
New Delhi. The history of Indian currency is very old. Reserve Bank of India (RBI) operates this currency. RBI issues and exchanges currency.
1 rupee note does not bear the signature of RBI Governor
In the present era, one rupee is the smallest currency in the form of notes. RBI does not issue one rupee note. It is issued by the Government of India. This is the reason why there is no signature of RBI governor on one rupee note. The one rupee note bears the signature of the Finance Secretary.
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The first note of 1 rupee was issued in the year 1917.
The first one rupee note was printed on November 30, 1917. The first note had the picture of King George V. For the first time in the year 1926, the printing of one rupee note was stopped. It was started again in 1940. After this, in 1994, the printing of one rupee note was stopped again. It started again in the year 2015.
RBI was established on April 1, 1935
Explain that RBI was established on April 1, 1935, according to the provision of the Reserve Bank of India Act, 1934. The Central Office of the Reserve Bank was initially established in Kolkata, which was permanently transferred to Mumbai in 1937.
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What is the symbol of Indian currency?
According to the RBI website, the name of the Indian currency is Indian Rupee (INR). The symbol of Indian Rupee is “₹”. The design is similar to the Devanagari letter “₹” (र) and the Latin capital letter “R/R” with a double horizontal line on top.
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Tags: Government of India, RBI, reserve bank of india
FIRST PUBLISHED : November 29, 2022, 07:45 IST