The Reserve Bank of India (RBI) has been doing the work of printing big notes in India, but do you know that one rupee note (1 Rupee Note) till date neither the RBI nor any governor signed it. Many governors came and gone, but no one looks at this small note.
This thing is surprising in itself and many interesting stories are hidden behind it. Let us know in this news how was the journey from Printing of One Rupee Note to release it.
The smallest note in Indian currency is only one rupee. There are many features in this note that make it different from the rest of the notes. While the RBI issues the rest of the notes, a one rupee note is issued by the Government of India.
This means that all the rights to this note are with the Central Government (Center Govt), although the RBI remains the responsibility of bringing and handling it in trend. In today's time, this note is less visible than before, because it is very low.
Now the question arises that who signifies a one rupee note? Since this note issues the Government of India, it does not sign the RBI Governor. Instead, the signature of the Finance Secretary is seen on this note. This information can be surprising for the common people, but this is the specialty of this note.
History of one Rupee Note is more than a hundred years old. It was first published on 30 November 1917 before independence. At that time, there used to be a picture of King George V on this note. But its printing stopped in 1926.
Then resumed in 1940 and continued for a long time. In 1994, it once again stopped its printing (1 Rupee Note Update), but it was resumed in the 21st century from 2015. This note still has its historical importance.
If we talk about its mythology, then one rupee note is older than the establishment of RBI (Establishment of RBI). The RBI started on 1 April 1935 under the Reserve Bank of India Act 1934. Before that this note existed. The RBI Head Office was earlier in Kolkata, which was brought to Mumbai in 1937, and has been there since then.
Indian currency also has its own special symbol. This symbol is made by mixing 'R' and Latin 'R' of Devanagari script. The currency of every country (currency symbol) gives him a distinct identity in the world. Going to the RBI website, there will be a name of Indian currency (Name of Indian Currency) 'Indian Rupee' and its symbol is '₹'. This small note and its history connects us with our economic heritage.