The undernoted images are of a ten rupee Banknote issued with the front-facing image of George VI, signed by C.D. Deshmukh, from the collection of Jayant Biswas, a leading numismatist and currency collector based in Pune.
The image of a ten rupee note issued during Dr.C.Rangarajan’s tenure with an”A” Inset in the serial number.
Note issued with an "M" Inset.
Another ten rupee note picked up by me at the Food Court of a leading Shopping Mall in my area, exhibiting the "star" * in the number panel with a "P" Inset , again issued in 2010.
The value of such notes in mint condition increases substantially from say, about 7-10 times the face value, to about a few thousands of rupees , depending on its value for collectors and the serial number it contains/ Inset etc.
Posted on 24.12.13:
Raghuram Govinda Rajan has taken over from Dr. D.SubbaRao as Reserve Bank of India Governor wef 04.09.2013. It was announced by RBI that ten rupee Banknotes signed by him will be released in October 2013, however, these Banknotes bearing his signatures got released for general circulation in November 2013. I had been on the lookout for acquiring one of these early releases. My opportunity came today when I obtained the undernoted Banknote today from my brother-in-law Mr. Dipak Mukherjee who had got this Banknote in general circulation. With rumours afloat in Numismatic/currency collectors circles that with the doubling of minting capacity of the Mumbai mint shortly, Rupees ten Banknotes may replace the ten rupee Banknotes, if this is indeed so, then, these will be the ast few issues signed by any RBI Governor.
Front of the Banknote bearing Raghuram G. Rajan's signatures
Posted on 23.01.2014:
Reserve Bank of India has now decided to withdraw all currency notes issued prior to 2005, without specifically mentioning that these Banknotes will cease to be legal tender. From April 2014 all Banks will accept and exchange pre-2005 Banknotes. These Banknotes are easily identified by the absence of the year of printing on the Back of the Note. RBI estimates that the maximum number of fake currency Banknotes are from the period prior to 2005. From 01.07.2014, to exchange more than 10 pieces of Rs.500/- and Rs.1000/- banknotes, non-customers will have to furnish identity and address proof to the Bank Branch. However, it is expected that later on RBI will issue a communication advising users the final date upto which Banknotes prior to 2005 will be accepted by the Bank.
Therefore, please start examining the year of issue"at the back of the currency Notes passing through your hands, so as not to face the inconvenience of going to a Bank Branch for returning the currency issued prior to 2005.
While this is a welcome step, RBI needs to have a policy in place to take the remaining counterfeit Banknotes issued after 2005, like changing/revamping the Front and Back designs, adding more effective security features etc. so as not to put users at risk of accepting counterfeit currency Banknotes.
Links to other Posts on Indian Currency Notes on this blog:
1)Did you know Series (1): Assists for identification of Currency Notes by visually challenged users.
2)Did-you-know-series-(2)-what-is-design-or focus of the picture at the back of Currency Notes in circulation in India?
3)Classification and Valuation of Rs.1000/- Notes
4)Classification and Valuation of Rs.500/- Notes
5)Classification and Valuation of Rs.100/- Notes
6)Classification and Valuation of Rs.20/- Notes
7)Classification and Valuation of Rs.5/- Notes
8)Did you Know series (18): Are you carrying a Fake Rs.500/- Banknote in your Purse?: A comprehensive study.