{"id":1386,"date":"2017-11-30T06:11:51","date_gmt":"2017-11-30T06:11:51","guid":{"rendered":"https:\/\/www.mintageworld.com\/blog\/?p=1386"},"modified":"2017-11-30T07:06:43","modified_gmt":"2017-11-30T07:06:43","slug":"journey-one-rupee-note","status":"publish","type":"post","link":"https:\/\/www.mintageworld.com\/blog\/journey-one-rupee-note\/","title":{"rendered":"The Journey of One Rupee Note"},"content":{"rendered":"

One Rupee Note is the smallest Indian paper denomination in India. But how many of us know that the One Rupee note still exists?<\/p>\n

Well\u2026 Not many. But yes, the One Rupee note still exists and is accepted as a legal tender of exchange. And this One Rupee note is celebrating its 100th Birthday today. Yeah!! You heard it right.<\/p>\n

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But before we get into the journey of One Rupee note, let us see the origin of the term \u2018Rupee\u2019. The word\u00a0\u2018rupiye\u2019<\/strong>\u00a0is derived from a\u00a0Sanskrit word \u2018rupa\u2019<\/strong>\u00a0meaning \u201cwrought silver, a coin of silver\u201d.\u00a0 Arthashashtra<\/strong>, written by\u00a0Chanakhya\u00a0<\/strong>also describes silver coins as \u2018rupyarupa\u2019.\u00a0\u00a0Sher Shah Suri<\/strong>\u00a0(1540 to 1545 AD) issued a silver coin which was termed as\u00a0\u2018Rupiya\u2019<\/strong>\u00a0and the legacy is continued until today.<\/p>\n

So this was the story of the term Rupee; now let us have a look at the history and the journey of One Rupee Note in India.<\/p>\n

The first note whose payment was guaranteed by the Government was introduced in circulation for the first time through the Indian Paper Money Act of 1861.<\/strong>\u00a0But the most fascinating and important amongst all the notes was the\u00a0One Rupee note<\/strong>\u00a0which was issued for the first time as a promissory note on 30th<\/sup> November 1917 during the reign of King George V.<\/p>\n

This first One Rupee note was signed by M.M.S.Gubbay (Controller of Currency in charge of Independent Department of Currency). These notes were issued in the form of a booklet containing 25 notes. Check out the description below:<\/p>\n

The Obverse of the note has English legend \u2018Government Of India’ in the centre; Vignette – A silver coin depicting the portrait of King George V – in the top left corner; A red rosette relief underprint in dual tone and ‘One Rupee’ in the centre; Silver numbers on the top right and lower left areas; ‘1\/Rupee’ on the top right and bottom left; Signed ‘For The Government Of India’.<\/p>\n

The reverse has a stylized GRI. – ‘Gergius\u00a0Rex Imperator, the official\u00a0cypher\u00a0of King George V’ in the top left area; Language panel in the centre; Reverse of the 1917 coin in the top right area.<\/p>\n

The first One Rupee was a good attempt by King George V which perfectly depicted its simplicity in terms of colour and design. Check this note in more detail.<\/p>\n

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The second note was issued on 24th July 1940 again in the reign of King George V. <\/strong>It had more elaborated design and decorated border on the obverse. Here the language panel is shifted to obverse and a significant change can be noted when compared to the note to\u00a01917.<\/p>\n

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Look at the image above and tell us what did you notice on the reverse?<\/p>\n

This note was issued during the reign of King George VI in 1944<\/strong>. It was the very first attempt of issuing a One Rupee note which had a prominent reverse design similar to obverse. Here the\u00a0most noted feature of this note is that it got an elaborated reverse. It has a stylized GRI and crown on the watermark window; ‘Government\/Of India’ in the centre; ‘1’ in the top corners; ‘1\/One\/Rupee’ in the lower left area; Language panel in the centre; Reverse of the silver coin dated 1940.<\/p>\n

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King George VI\u2019s One Rupee notes were overprinted for the use of Burma (1945) and Pakistan (1948). To know why these One Rupee notes were overprinted read here<\/a>.<\/p>\n

Apart from British India One note Rupee there were Hyderabad, Kashmir,<\/a> Indo French and Indo Portuguese notes<\/a> too.<\/p>\n

After the Independence of India, Government of India redesigned Re.1 note in 1949 and Secretary, Minister of Finance was\u00a0K.R.K. Menon.<\/strong><\/p>\n

The King\u2019s portrait was replaced by the Lion Capital of Ashoka (National Emblem) and the reverse has a large floral motif. The design of the note was kept almost similar to the King George VI\u2019s One Rupee Note.<\/p>\n

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K.G.Ambegaonkar, 1951<\/u><\/strong><\/p>\n

The significant change was the addition of the obverse and reverse coin of One Rupee Coin of 1951 and the Ashokan Pillar Capital (National Emblem). In the same year, the colour was changed from Green to Violet.<\/p>\n

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H.M.Patel, 1957<\/u><\/strong><\/p>\n

Below the signature \u2018Principal Secretary Ministry Finance\u2019 was added. The design of the coin on the note was changed and this note has \u2018Sau\u00a0Naya Paise\u2019 coin.<\/p>\n

In 1963, During L.K.Jha the coin again was changed to \u2018Rupaya\u2019.<\/p>\n

A completely new design was introduced in 1966 under S.Bhoothalingam and the size of the note was reduced.<\/p>\n

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In 1969, Gandhiji completed hundred years of his birth and for the very first time in history, a commemorative coin of his was issued on the One Rupee Note. Refer the note given below:<\/p>\n

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The style and font of the serial were changed and the prefix \u2018J\u2019 was discontinued in 1976, Manmohan Singh(Finance Secretary). The most significant change was seen in 1981 as the reverse of the note was changed to Offshore Oil Rig \u201cSagar Samrat\u201d design and the Hindi signature was introduced for the first time along with the English.\u00a0 While after two years in 1983 the coin design of One Rupee was changed on obverse and reverse.<\/p>\n

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This design remained unchanged and was continued till 1994. Due to the high cost of its production, the 1 Rupee note was discontinued and was finally reissued in the year 2015.<\/p>\n

The One Rupee note made an entry in 2015 (Finance Minister- Rajiv Mehrishi)\u00a0 by introducing few changes in the note of 1994.<\/p>\n

The following changes were introduced in the new note of One Rupee:<\/span><\/strong><\/p>\n

The star series, new One Rupee design, change in colour (pink and green) and 15 languages on the panel.\u00a0 While the telescopic series \u2018Secretary, Minister of Finance\u2019 was introduced on One Rupee note in 2017<\/strong><\/a>.<\/p>\n

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Few Facts about one Rupee note. We are sure that you must have not known these and probably would be amazed.<\/u><\/strong><\/p>\n