2020-03-12 Thu

The pink and red coloured banknote with multicolour underprint was circulated during the reign of King George VI. It was the first two rupee banknote issued on 3rd March 1943 and was printed on machine-made white paper.

The obverse of this note depicts legend ‘Reserve bank of India’ on the top with “Guaranteed by the central government’ below it. Two/2/Rupees are seen in central denomination panel with the portrait of King George VI on the right. With the serial number below these notes are signed by the governor for the Reserve bank of India.

The reverse side depicts Reserve Bank Of India in the centre with language panel consisting of eight languages on the left side the RBI deal in the centre dividing two /Rupee and water on the right side.

The two rupees notes were removed from Circulation on 27th October 1957 in India. They were later overprinted to use as a legal tender in Pakistan and were removed from circulation in 1949. These notes were printed and overprinted in Nashik Press.