DID YOU KNOW
SERIES (10); TEN RUPEE NOTES;
CLASSIFICATION
AND VALUATION.
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TEN RUPEE NOTES:
CLASSIFICATION AND
VALUATION.
Historical Reference:
1Sir C.D. Deshmukh (Reserve Bank of India –RBI Governor from 11.08.1943 to
30.06.1949) was the only Governor of RBI who served during the British India
Rule as well as during Post-Independence India.
My sister Raka has
contributed an image of a ten-rupee Note from her collection, which was issued
with his signatures during the British period, for this Post.
The front of this
Note has the portrait of George VI facing front. The serial number of the Note
is below the window displaying his portrait and is mentioned at one place only
(unlike present day issues). The signature of RBI Governor C.D.Deshmukh is
given below the white water-mark window. Notice that the language mentioned on
this side of the Note is English only. The numeral “10” figures prominently on
both the top left and right hand corners of the Note. The Governor’s
undertaking “to pay the bearer the sum of TEN RUPEES on demand at any office of
issue” is mentioned in five lines, below which is mentioned “10 Rupees” in two
places. In 1968 the words “on demand” were removed from the RBI Governor’s
promise and these words are not found on present day issues. Various colours
are found on this Note (Violet, Red, Brown, Orange and Green) along with a rudimentary
security thread. The size of the Note was 80 x 140 mm (approx.)
The
back/reverse of the above Note shows 7 Regional Languages in the Languages
Panel. The main language is entirely English at the back too. The numeral “10”
appears on the top left and right hand sides. The words “Rupees ten” and “Ten
Rupees” appear on the bottom left and right hand sides respectively. A picture
of a two-masted, three-sail cargo-laden boat/dhow (defined as a native
Arab/Indian sailing vessel used on the Arabian Sea, generally with a single
mast capable of carrying 100 to 200 tons of cargo), sailing ahead, with
mountains to the left and clouds above is depicted in the centre. This Note was
in circulation, in Post-Independence India as well, till it ceased to be legal
tender in October 1957.The value of this Note in mint condition would be about
Rs.2500/- to about Rs.10000/-.
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 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.
2)
Post Indian Independence, the first ten rupee Independent India Note was issued
under C.D.Deshmukh’s signature as well. A large image of the Asoka Lion Capital
(the official symbol of Sovereignty of the Government of Independent India,
replaced the portrait of George VI. The language on this Note was again English
only, except for the Indian languages depicted on the Languages Panel at the
back. Also, the sailing boat/dhow image was continued as in the earlier ten
rupee notes. This note is much sought after by collectors and, in mint
condition, can fetch a seller from somewhere between Rs.20000/- to Rs.40000/-.
The
same design was continued during the tenure of Sir B.Rama Rau (RBI Governor
from 01.07.1949 to 14.01.1957 during the early pat of his tenure, in January
1950. Later, in August 1951, the design was altered to include Hindi on the
front/face of the Note but only to mention the denomination of the Note “Dus
Rupiya” (Ten Rupee). However, the Hindi translation was incorrect and was
corrected in later notes issued in April 1953, to read as “Dus Rupiye” (Ten
Rupees) instead of “Rupiya”.
Given below is an
image of a ten Rupee Note issued during Sir B. Rama Rau’s tenure, in my
collection, with the incorrect Hindi spelling “Dus Rupiya” indicating that the
vintage of this Note is around 1952/1953 (it is issued with an “N”
Prefix).Also, notice that the serial number of the Note is mentioned in two
places on the bottom, on either side of the RBI Governor’s signatures.
The
undernoted image is that of the back/reverse of the above Note continuing with
the image of the three sail sailing boat and 7 Regional Indian languages. The
“Ten Rupees” in English shown on the right hand side of the Note issued during
the British period, has been replaced by “ Dus Rupiya”, in Hindi (again,
incorrect Spelling) which was corrected in later Notes to “Rupiye”.
The
design with the corrected Hindi spelling was continued during the tenures of
H.V.R.Iyengar (RBI Governor from 01.03.1957 to 28.02.1962) and P.C.Bhattacharya
(RBI Governor from 01.03.1962 to 30.06.1967). Also, the number of Regional
languages at the back were raised to 13.
The
size of these Notes was 83 x 146 mm. The value of these Notes ranges between
Rs.10000/- (for earlier issues) to about Rs.1500/- for later issues.
3) Also, during P.C. Bhattacharya’s tenure a much smaller ten rupee Note was issued
with an ornamental numeral “10”. The size of this Note
was 63 mm x 137 mm. The Lion capital and the white water mark window were also
proportionately reduced in size.
4) The same design was continued during the tenure of L.K. Jha. (RBI Governor
from 01.07.1957 to 03.05.1970). Another new design was introduced in 1968,
during his tenure, wherein, as mentioned above, the words “on demand” were
removed from the Governor’s promise to pay a sum of ten rupees to the bearer.
Also, for the first time, the Governor’s promise to pay the bearer a sum of ten
rupees appeared in Hindi on the right hand side of the prominent white numeral
“10” in the middle of the front side of the Note. Another addition was that,
below the “Reserve Bank of India” in English on the front side, the words
“Bhartiya Reserve Bank “were mentioned in Hindi for the first time on this
Note. Also, the RBI Governor’s signatures appeared in Hindi for the first time.
On the back of the Note, the sailing boat design was continued.
Also,
when the country was celebrating the birth centenary of Mahatma Gandhi in 1969,
a ten rupee note with Mahatma Gandhi’s portrait on the back was also issued in
1969 during L.K.Jha’s tenure. The same design was carried on ten rupee notes
issued during the tenure of B.N.Adarkar (RBI Governor from 04.05.1970 to
15.06.1970). However, during the tenure of S. Jagannathan (RBI Governor from
16.06.1970 to 19.05.1975, the three-sail boat/dhow was found on the ten rupee
note issues, on the back of the Note.
Given
above is the front side image of a ten rupee Note issued under S. Jagannathan’s
signature with an “A” Inset. (Notice the faint “A” alphabet behind the letter 2
in the serial number of the Note. Also notice the RBI Governor’s signatures in
both Hindi and English.
On
the back of the Note, notice that there are 13 Regional languages in the
Languages panel along with the sailing boat design which is being continued
from the British India times.
(The
value of the Note given above in mint condition would be about Rs.100/- to
Rs.300/- for collectors).
This
design was continued during the tenures of K.R.Puri (RBI Governor from
20.08.1975 to 21.05.1977), M.Narasimhan 02.05.1977 to 30.11.1977) Dr.I.G.Patel
(01.12.1977 to 15.09.1982), Manmohan Singh (16.09.1982 to 14.01.1985), Amitav
Ghosh (15.01.1985 to 04.02.1985), R.N. Malhotra (04.02.1985 to 22.12.1990) and
S. Venkitaramanan (RBI Governor from 22.12.1990 to 21.12.1992).
A
new design Note with a larger Lion Capital on the face and two peacocks, birds,
lotus, deer and horse at the back was, also issued during the tenures of
S.Jagannathan, K.R. Puri, and M. Narasimhan. I.G. Patel, Manmohan Singh and
R.N. Malhotra.
Another
design was introduced at the back of the ten rupee Note during S.Venkitaramanan’s
tenure when the Shalimar Gardens replaced the peacocks etc.design. The
water-mark window on this Note looked like a “D”. An image of one such
Note issued with a “D” shaped water-mark window is given above. Also notice
that in this Note, “Bhartiya Reserve Bank” in Hindi is placed above the
“Reserve Bank of India” in English, as is the Central Government’s Guarantee.
Also, the RBI Governor’s promise to pay the sum of ten rupees to the bearer is
mentioned in Hindi first (on the left hand side) and then in English (on the
right hand side). This note is issued with a “Plain Inset” in the background of
the serial number.
This
note is also issued during S.Venkitaramanan’s tenure, but with an “A” Inset.
Ten rupee notes were also issued with this design during his tenure with “Plain
Inset”.
The
Shalimar Gardens are pictured on the back of both the above notes. Also, notice
that the watermark “D” is more elongated on the back than at the front of the
Note. No year of issue is mentioned at the back of this Note. The year of issue
is mentioned at the back of ten rupee Notes from 2006 onwards only.
This design notes were, also, issued during RBI Governor C.Rangarajan’s tenure
(22.12.1992-22.11.1997.
The image of a ten rupee note issued during Dr.C.Rangarajan’s tenure with an”A” Inset in the serial number.
This
ten rupee note was issued during Dr.Rangarajan’s tenure with a “B” Inset.
A
ten rupee note issued with a “C” Inset under Dr. Rangarajan’s signatures.
A
ten rupee note issued with a “D” Inset during Dr. Rangarajan’s tenure. (Ten
rupee Notes were also issued with “E” Insets during his tenure with the same
design).
The
"Diwan-i-Khas" of the Shalimar Gardens are pictured on the back of all the above notes. Also, notice
that the watermark “D” is more elongated on the back than at the front of the
Note. No year of issue is mentioned at the back of this Note.
During
Dr. Rangarajan’s tenure, the design on the ten rupee notes was changed and the
large Lion Capital of Emperor Asoka / symbol of Sovereignty of the Indian
Government was replaced by a portrait of M.K. Gandhi (short for Mohandas
Karamchand Gandhi, or Mahatma Gandhi, the Father of the Indian Nation)on the
right hand side window. The much smaller Lion Capital moved to the bottom left
hand side of the note. His name was spelt as “Mo.Ka.Gandhi” in Hindi and
“M.K.Gandhi” in English below his portrait. An ornamental numeral “10”
replaced the plain white-coloured numeral “10” in the centre; a stylized white
elongated D-shaped water-mark window on the left hand side now contained a
Mahatma Gandhi portrait in the water-mark window, as well. This Note which is
in a soiled condition has been issued with an “M” Inset in its serial number.
On
the back of the Note, floral motifs and the figures of a Rhinoceros, Bengal
Tiger and an Indian Elephant, all facing in different directions replaced the
earlier design of the Shalimar Gardens. Also, the number of Regional Indian
Languages on the Languages Panel on the left was raised to 15. The numeral “10”
appears at three places – top left, top right and bottom left. The denomination
of the note “TEN RUPEES” appears in words on the bottom right. (Such notes were
also, issued during Dr. Rangarajan’s tenure with L, R and Plain Insets).
(The
value of all these notes issued during Dr. Rangarajan’s tenure, in mint
condition, could be about Rs.100/- for earlier issues to about Rs.50/- for
later ones, for collectors. Sometimes, one may still come across these notes in
circulation in relatively good condition, but their numbers are dwindling
fast).
This
design was also continued during the tenure of Dr.Bimal Jalan (RBI Governor
from 22.11.1997 to 06.09.2003), Dr. Y.V.Reddy (RBI Governor from 06.09.2003 to
05.09.2008) and is carried on present day issues under the signatures of Dr.
D.Subbarao (RBI Governor 06.09.2008 onwards).
The Front of a Note issued during the tenure of Dr. Bimal Jalan, with a "B" Inset.
The Back of the above Banknote does not display the Year of issue.
The
front of a Note issued in 2007, under Dr. Y.V.Reddy’s signatures with an
“A” Inset in its serial number. Also the name of M.K.Gandhi has now been
changed to read as “Mahatma Gandhi” in both Hindi and English. “A” Inset Notes
were also issued under Dr. Reddy’s signatures, with no year mentioned on the
back (i.e. prior to 2006), in 2006 and 2008.
The
front of a Note issued in 2007, under Dr. Y.V.Reddy’s signatures with an “M”
Inset in its serial number. “M” Inset Notes were also issued under
Dr. Reddy’s signatures in 2008.
The
front of a Note issued in 2006, under Dr. Y.V.Reddy’s signatures with an “L”
Inset in its serial number. “L” Inset Notes were also issued under Dr. Reddy’s
signatures in 2007.
Ten
rupee Notes were also issued with Plain, R and S Insets in the serial numbers
during Dr. Reddy’s tenure.
A
specimen image of the back of all the above notes issued with the same design
as that issued during Dr.Rangarajan’s tenure.
The
value of these Notes in mint condition would range from about Rs.25/- to
Rs.50/- for the earlier issues and the type of Insets, gradually reducing to
around face value for the later ones, depending on the collector’s interest.
I
have in my collection similar design Notes were issued during
Dr.D.Subbarao’s tenure with Plain Inset (2008, 2009, 2010 and 2011), “A”
Inset (2009 and2010), “L” Inset ( 2009 and 2010), “M” Inset (2010), “R” Inset
notes (2009 and 2010), “N” Inset Notes (2011), “S” Inset notes (2010 and 2011)
and “B” Inset Notes ( 2011).
Note issued with a
Plain inset.
Note
issued with an "A" Inset.
Note issued with an
"L" Inset.
Note issued with an "M" Inset.
Note issued with an
"R" Inset.
Note issued with an
"N" Inset.
Note
issued with an "S" Inset.
Note issued with a
"B" Inset.
Back
of the Note issued with "B" Inset in 2011. It is similar to the back
of all the Notes depicted above.
The
value of 10 rupee notes issued during Dr. Subbarao’s tenure ranges from about
Rs.25/- toRs.50/- for earlier issues in mint condition(and the type of Insets),
to face value for the later ones, depending on the Collector’s interest and
requirement.
Star
series Notes:
Whenever defective
notes are printed, particularly from Rs.10/- to Rs.100/- denominations, the
Security Printing Presses have adopted a “Star” series numbering system for
replacement of these defectively printed Notes. The numbering on the
replacement Notes is exactly like the normally printed ones, but have an
additional feature i.e. a “STAR” (*) is added in the serial number in the space
between the prefix and the number. The main significance of these notes,
besides the “STAR” is that, although, these notes would be issued in packets of
100 each, these bank notes would not be serially numbered. To enable
easy identification, the bands on these packets will clearly indicate that the
packet contains star-series banknotes. The notation on the band of such note
packets normally is “contains non-serially numbered notes with * in the
number panel”, both in Hindi and English.
The
above is an image of a ten rupee note containing a “star” * in the number
panel, issued in 2010 with an “M” Inset, collected for me from general
circulation by Krishna.
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.
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.
Recently,
the Reserve Bank of India in its periodical design changes has introduced new
Currency Notes in the denominations of Rs.1000/-, Rs.500/-, Rs.100/- and
Rs.10/-. The Old design on the currently circulating Mahatma Gandhi Notes
has been retained in the new series, but the new “Rupee symbol” has been
introduced in two places on the front side just before the denomination of the
currency note as well as , before two denomination numerals on the top of the
back of the Notes.
I
happened to acquire two five hundred notes with the rupee symbol and ten one
hundred rupee notes from a Bank ATM near my residence on the 01.01.2012 which
had placed these new design notes in their ATM as a “New Year’s Gift” to
customers. I happened to be the first one to receive these notes. Later on,
while passing through the same area, I saw that the ATM withdrawal line had
really built up to a serpentine queue and the ATM cash was being reloaded which
meant that the message to collect the new design notes had spread fast!!
Also,
I acquired two ten rupee Notes from a provision shop which had no idea that the
‘00E” prefix meant that these were close to being the very first few issues.
Notice
that the rupee symbol appears before the numeral “10” on the upper side of this
Note.
Notice that the Rupee symbol appears before the numeral
“10” in two places on the top
of this Note and the symbol does not appear before the numeral “10” on the
lower/bottom side.
Posted on 24.12.13:
Raghuram Govinda Rajan has taken over from Dr. D.Subba Rao 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. There are rumours afloat in Numismatic/currency collectors circles that with the doubling of minting capacity of the Mumbai mint shortly, ten rupee coins may replace the ten rupee Banknotes. If this is indeed so, then, these could be the last few ten rupee Banknote issues signed by any RBI Governor.
The Front of the Banknote bearing Raghuram G. Rajan's signatures issued with a Plain Inset in 2013.
The Back of the above Banknote showing the year of issue as 2013.
The Front of the Banknote bearing Raghuram G. Rajan's signatures issued with an "L" Inset in 2013.
The Back of the above Banknote showing the year of issue as 2013.
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.
Posted on 03.03.2014:
Posted on 14.05.2014:
The present RBI Governor Raghuram G. Rajan's signed Banknotes still continue to be scarce in general circulation. I happened to collect the undernoted Banknote during shopping at a Mall today:
The Front of the Banknote bearing the present RBI Governor, Raghuram G. Rajan's signatures issued in 2014 having an "L" Inset.
The Back of the above Banknote showing the year of issue as 2014. This is the first Banknote in any denomination which I have collected from general circulation which is issued in 2014. Although it is slightly worn out with rough usage, I could'nt help it but place it on this post.
Posted on 07.07.14:
The above is an image of the Front of a Banknote signed by Raghuram G. Rajan, RBI Governor, issued with an "R" Inset in 2014 acquired by me in a Car Park yesterday.
The Back of the above Banknote showing the year of issue as 2014. Notice that although the Banknote has been issued very recently, it has become badly soiled with just a little bit of circulation. I am now on the lookout for a mint condition Banknote with an "R" Inset signed by Rajan. Perhaps, there is a case for trying out polymer Banknotes by RBI at the earliest, which have a longer lasting circulation life and are in better condition with use, than this specimen.
Posted on 14.07.14:
The above is an image of the Front of a Banknote signed by Raghuram G. Rajan, RBI Governor, issued with an "A" Inset in 2014
The Back of the above Banknote showing the year of issue as 2014. Notice that this Banknote issued very recently, has, also, become badly soiled with just a little bit of circulation.
Posted on 31.12.14:
The Reserve Bank of India (RBI) has extended the deadline for turning in pre-2005 Banknotes to 30.06.2015. While these Banknotes would be treated as legal tender upto this period, but RBI would destroy them as and when they come into Bank branches.
RBI has sought the general public’s cooperation and urged them to deposit the old design Banknotes in their Bank accounts or exchange them at a bank branch convenient to them.
RBI has further mentioned that the Banknotes can be exchanged for their full value till this date. Check out all your Banknotes and deposit all such Banknotes (i.e. without the year of issue printed at the back) at convenient Bank branches before the scheduled date.
Posted on 25.01.15:
The above is an image of the Front of a Banknote signed by Raghuram G. Rajan, RBI Governor, issued with a "B" Inset in 2014 which I picked up at the Empress Garden Flower show in Pune yesterday at one of the stalls.
The Back of the above Banknote showing the year of issue as 2014.
Posted on 14.02.15:
The above is an image of the Front of a Banknote signed by Raghuram G. Rajan, RBI Governor, issued with an "M" Inset in 2014 which I collected at a shopping mall. It is rather soiled, as such I will have to replace it with a mint condition Banknote as & when I receive one.
The Back of the above Note showing the year of issue as 2014.
Posted on 17.02.15:
Today I have acquired my first Star Series banknote containing a “star” * in the number panel, issued during the tenure of RBI Governor Raghram G. Rajan issued in 2014 with an “A” Inset, collected for me from general circulation by Krishna.
The Front of the Star Series Banknote bearing the serial number 28A*317794, with the Inset "A" bearing the signatures of the present RBI Governor Raghuram G. Rajan.
The Back of the above Banknote, showing the year of issue as 2014.
Posted on 27.02.2015:
The above is an image of the Front of a Banknote signed by
Raghuram G. Rajan, RBI Governor, issued with an "S" Inset in 2014, contributed for my collection by Dennis & Maggie who are visiting us at Pune .
The Back of the above Note showing the year of issue as 2014.
Posted on 26.06.2015:
The Reserve Bank of India has extended the date for the public to exchange their pre-2005 banknotes till December 31, 2015. It had, in December 2014, set the last date for public to exchange these notes as June 30, 2015.
Soliciting cooperation from members of public in withdrawing these banknotes from circulation, the Reserve Bank of India has urged them to deposit the old design notes in their bank accounts or exchange them at a bank branch convenient to them.
Posted on 24.12.13:
Raghuram Govinda Rajan has taken over from Dr. D.Subba Rao 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. There are rumours afloat in Numismatic/currency collectors circles that with the doubling of minting capacity of the Mumbai mint shortly, ten rupee coins may replace the ten rupee Banknotes. If this is indeed so, then, these could be the last few ten rupee Banknote issues signed by any RBI Governor.
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.
Posted on 03.03.2014:
The Reserve Bank of India has extended the date for
exchanging the pre-2005 banknotes to January 01, 2015. It has also advised
banks to facilitate the exchange of these notes for full value and without
causing any inconvenience whatsoever to the public.
RBI has
further clarified that the public can continue to freely use these notes for
any transaction and can unhesitatingly receive these notes in payment, as all
such notes continue to remain legal tender till that date.Posted on 14.05.2014:
The present RBI Governor Raghuram G. Rajan's signed Banknotes still continue to be scarce in general circulation. I happened to collect the undernoted Banknote during shopping at a Mall today:
The Front of the Banknote bearing the present RBI Governor, Raghuram G. Rajan's signatures issued in 2014 having an "L" Inset.
The Back of the above Banknote showing the year of issue as 2014. This is the first Banknote in any denomination which I have collected from general circulation which is issued in 2014. Although it is slightly worn out with rough usage, I could'nt help it but place it on this post.
Posted on 07.07.14:
Posted on 14.07.14:
The above is an image of the Front of a Banknote signed by Raghuram G. Rajan, RBI Governor, issued with an "A" Inset in 2014
The Back of the above Banknote showing the year of issue as 2014. Notice that this Banknote issued very recently, has, also, become badly soiled with just a little bit of circulation.
Posted on 31.12.14:
The Reserve Bank of India (RBI) has extended the deadline for turning in pre-2005 Banknotes to 30.06.2015. While these Banknotes would be treated as legal tender upto this period, but RBI would destroy them as and when they come into Bank branches.
RBI has sought the general public’s cooperation and urged them to deposit the old design Banknotes in their Bank accounts or exchange them at a bank branch convenient to them.
RBI has further mentioned that the Banknotes can be exchanged for their full value till this date. Check out all your Banknotes and deposit all such Banknotes (i.e. without the year of issue printed at the back) at convenient Bank branches before the scheduled date.
Posted on 25.01.15:
The Back of the above Banknote showing the year of issue as 2014.
Posted on 14.02.15:
The above is an image of the Front of a Banknote signed by Raghuram G. Rajan, RBI Governor, issued with an "M" Inset in 2014 which I collected at a shopping mall. It is rather soiled, as such I will have to replace it with a mint condition Banknote as & when I receive one.
The Back of the above Note showing the year of issue as 2014.
Posted on 17.02.15:
Today I have acquired my first Star Series banknote containing a “star” * in the number panel, issued during the tenure of RBI Governor Raghram G. Rajan issued in 2014 with an “A” Inset, collected for me from general circulation by Krishna.
Posted on 27.02.2015:
Posted on 26.06.2015:
The Reserve Bank of India has extended the date for the public to exchange their pre-2005 banknotes till December 31, 2015. It had, in December 2014, set the last date for public to exchange these notes as June 30, 2015.
Soliciting cooperation from members of public in withdrawing these banknotes from circulation, the Reserve Bank of India has urged them to deposit the old design notes in their bank accounts or exchange them at a bank branch convenient to them.
The Reserve Bank has further stated that the notes can be exchanged for their full value. It has also clarified that all such notes continue to remain legal tender.
Posted on 03.07.2015:
I picked up my first Ten rupee banknote issued in 2015, from a Mall yesterday.
Posted on 14.09.2015:
I collected a Rupees Ten Banknote yesterday issued with a "B" Inset this year.
Posted on 17.06.2016:
The following interesting Banknote with ascending Serial Number is from the collection of Jayant Biswas, who has acquired it today:
Rs. 10/- (Rs.Ten) Banknotes with ascending Serial Numbers are now in circulation. This Banknote has been issued with an "L" Inset and the Serial number "23B 294575" in the ascending Serial Number format. No other changes have been introduced on the Front of this denomination.
With the RBI Governor Raghuram G. Rajan declining a second term as RBI Governor after the first week of September 2016 these Banknotes should become excellent Collector's items. So be on the lookout for such issues coming into your hands through general circulation.
Posted on 11.08.2016:
The following Banknote issued under the signature of present RBI Governor, Raghuram G. Rajan has an interesting combination of numerals on its Serial numbers:
Posted on 09.11.2016:
Fighting
Black Money in India:
After the recently closed Black
Money Voluntary Disclosure Scheme, which closed on end September 2016, the
Government of India has brought in a
major step on 08.11.2016 in its war against corruption, terrorism and black
money.
Before the present Government
took over the reins of Government about two years ago, India ranked around 100
in global rankings of corruption. Presently, it ranks 76th.
Black Money estimated at about
Rs.1.25 lakh crores has been brought back to India according to Indian Prime
Minister Narendra Modi. Nevertheless,
this is not an exemplary position to be in, as such, the Government has taken
some drastic measures:
The Indian Prime Minister
Narendra Modi in a televised address to the nation on 08.11.2016 evening announced
the demonetisation of the presently circulating higher denominations of
currency viz. Rs.500/- and Rs.1000/- with effect from the coming midnight i.e.
midnight of 08.11.2016. He stated that the Banknotes of these denominations
will “just be worthless pieces of
paper”. The Banknotes of all the lower denominations of Rs.100/-, Rs.50/-,
Rs.20/-, Rs.10/-, Rs.5/-, Rs.2/- and Re 1/- and all coins will continue to be
accepted as legal tender. In addition, new Banknotes in the denominations of
Rs.2000/- and Rs.500/- will be introduced.
Also,
there will be no change in any other form of currency exchange i.e. cheques,
Demand Drafts, credit card or debit card payments.
This has been necessitated
as the Government has been fighting the menace of black money and corruption
over the past two years when it was voted to power.
To
facilitate the smooth transition to the new money regime, Banks will be closed
on 09.11.2016.
Presently, Rs.500/- and
Rs.1000/- Banknotes which have been demonetised account for 86.4 % of the total
value of Banknotes which were in circulation as of 31.03.2016.
Some
instances, where the Rs.1000/- and Rs.500/- old Banknotes can still be used:
Existing Rs.500/- and Rs.1000/- Banknotes will be accepted till
11.11.2016 at Government hospitals, pharmacies in Government hospitals (with
prescriptions), Railway counters, Government buses, Airline counters, petrol pumps,
Cooperative stores run by Government, milk booths of State agencies, crematoria
and burial grounds.
The
result of this announcement:
I saw huge crowds of four
wheelers and two wheelers at petrol pumps which stayed open, but several petrol
pumps closed before time.
Two Shopping Malls in the
vicinity of my residence remained open till midnight and saw unprecedented rush
of shoppers, as Banknotes of Rs.1000/- and Rs.500/- denominations remained
legal tender till midnight of 08.11.2016.
Several persons stood
patiently in serpentine queues to withdraw small denomination Rs.100/- Banknotes
to meet their expenses over the next few days, as a result, several ATMs went
out of cash.
What
else?
On 9th and 10th
November 2016, ATMs will not work,
as smaller denomination banknotes will be arranged for by the ATM Management
Groups/Banks.
All
Banks will remain closed on 09.11.2016.
From
10.11.2016 to 31.12.2016, customers can deposit Banknotes of Rs.500/- and
Rs.1000/- in any Bank or Post Office. However, there is a condition
– the depositor will have to show a proof of identity. One can deposit any
amount into one’s own account, but if KYC documents have not been submitted,
the limit is Rs.50,000/-
This
condition will be relaxed somewhat, as after 31.12.2016, one can still deposit
old Banknotes with valid ID proof at specified offices of RBI, to be intimated later, till 31.03.2017.
No
restrictions on payments by cheques, DD, debit/credit cards & Electronic Fund Transfer (EFTs) has been made.
From 10.11.2016, Banks and Post Offices will operate for extended hours to
facilitate the unprecedented rush of deposit of the cash into deposit accounts.
The exchange facility is available at all Issue Offices of RBI and branches of commercial banks/RRBS/UCBs/State Co-op banks or at any Head Post Office or Sub-Post Office.
The exchange facility is available at all Issue Offices of RBI and branches of commercial banks/RRBS/UCBs/State Co-op banks or at any Head Post Office or Sub-Post Office.
Depositors
can withdraw up to Rs.2,000/- per day per card from ATMs till November 18 and
Rs.4,000/- per day per card after this date.
The ATMs will resume functioning from November 11, 2016 upon their recalibration to dispense bank notes of the denominations of Rs.50/-, Rs.100/- Rs.500/- and Rs.2,000/-
Further, so as to ensure customer convenience, banks are also advised to provide all cash withdrawal transactions at their ATMs free of cost to their customers till 30 Dec 2016. It has also been decided that banks may fix a limit of Rs 2000/- per day per card withdrawal limit at ATMs, for all their customers, till November 18, 2016.For deposits being made at Banks and other establishments, please note, that one will get upto ₹4000 per person in cash irrespective of the size of tender and anything over and above that will be receivable by way of credit to bank account.
The ATMs will resume functioning from November 11, 2016 upon their recalibration to dispense bank notes of the denominations of Rs.50/-, Rs.100/- Rs.500/- and Rs.2,000/-
Further, so as to ensure customer convenience, banks are also advised to provide all cash withdrawal transactions at their ATMs free of cost to their customers till 30 Dec 2016. It has also been decided that banks may fix a limit of Rs 2000/- per day per card withdrawal limit at ATMs, for all their customers, till November 18, 2016.For deposits being made at Banks and other establishments, please note, that one will get upto ₹4000 per person in cash irrespective of the size of tender and anything over and above that will be receivable by way of credit to bank account.
Thereafter,
one can withdraw up to Rs.10,000/- per day and Rs.20,000/- per week either through withdrawal slips, cheques or through ATMs from Banks
till 24.11.2016. After this date, the limit will be raised.
Depositors
can withdraw up to Rs.2,000/- per day per card from ATMs till November 18 and
Rs.4,000/- per day per card after this date.
Freshly
designed Banknotes of Rs.500/- and Rs.2000/- with chips in them will be
introduced on Thursday, i.e. 10.11.2016.
One can contact the
following RBI & Government helpline numbers for any query – 022-22602201
and 022-22602944 (RBI) and Ministry of Finance: 011-23093230.
Property
prices could drop substantially in the secondary market, as there is an
estimated 60:40 (Legal-to-Black money ratio) in operation as at present.
This step is also aimed at
stamping out the menace of corruption and terror funding, as terrorists from across the border have been using fake currency
notes.
A
word of caution:
One can also deposit the
demonetised currency in someone else’s account with written authorisation and one’s
ID proof.
The
Government/RBI has cautioned citizens against exchanging other person’s
unaccounted cash at Banks/Post Offices. Security cameras will monitor transactions
at branches and the exchange will be recorded.
Introduction
of the new denominations of Rs.2000/- and R.500/-:
Reserve Bank of India has
yet to decide the limit for individuals for possession of Banknotes of higher value i.e. Rs.2000/- and
Rs.500/- which will be put into circulation from 10.11.2016.
The Front of the new Rs.2000/- Banknote which is now going to be in circulation wef 10.11.2016
The Back of the new Rs.2000/- Banknote shows the Mangalyaan which is the Mars Orbiter
The Front of the new Rs.500/- Banknote which is now going to be in circulation wef 10.11.2016
The Back of the new Rs.500/- Banknote shows the Red Fort in New Delhi
The salient features of the new Rs.500/- Banknotes are:
The
salient features of the new Rs.2000/- Banknotes are:
The Series will be called
the Mahatma Gandhi (New) Series.
The Banknotes will bear
the signatures of Dr. Urjit R. Patel, RBI Governor.
The year of printing will
start from 2016 which will be printed on the Back of the Banknote.
The new denomination has the motif of the "Mangalayan" on the Back, which is India's first venture in inter-planetary space.
The base colour of the Banknote is magenta .
The Banknote has other designs, geometric patterns aligning with the overall colour scheme, both on the Front and Back.
The new denomination has the motif of the "Mangalayan" on the Back, which is India's first venture in inter-planetary space.
The base colour of the Banknote is magenta .
The Banknote has other designs, geometric patterns aligning with the overall colour scheme, both on the Front and Back.
Other
important features of the Banknote:
On
the Front: See through Register with
denominational numeral 2000
Latent image
with denominational numeral 2000
Denominational numeral
2000 in Devnagri
Portrait of Mahatma Gandhi
at the centre
Micro letters
“RBI” and “2000” on the left side of the Banknote
Windowed security thread
with inscriptions “Bharat” (in Hindi), RBI and 2000 on Banknotes with colour
shift. Colour of the thread changes from green to blue when the Banknote is
tilted
Guarantee Clause, RBI
Governor’s signature with Promise Clause and RBI emblem
towards the right
Denominational numeral
with Rupee symbol “R 2000” in colour changing ink (green to blue) on bottom
right, Ashoka Pillar emblem on the right.
Watermarks: Mahatma
Gandhi portrait and electrotype (2000).
Number panel with
numerals growing from small to big on the top left side and bottom right side
For visually impaired:
Intaglio or raised
printing of Mahatma Gandhi portrait, Ashoka Pillar emblem, Bleed lines and
identity marks.
Horizontal rectangle with
“R2000” in raised print on the right.
Seven angular bleed lines
on the left and right side in raised print
Other features:
Year of printing
on the Banknote on the left
“Swachh Bharat” logo
with slogan
Language Panel
towards the centre
Motif of Mangalyaan
Denominational numeral
“2000” in Devnagri
Size/Dimensions
of the Banknote: 166 mm x 66 mm
The salient features of the new Rs.500/- Banknotes are:
The Series will be called
the Mahatma Gandhi (New) Series.
The Banknotes will bear
the signatures of Dr. Urjit R. Patel, RBI Governor.
The year of printing will
start from 2016 which will be printed on the Back of the Banknote.
The new Banknote is different from the present series in colour, size, theme, location of security features and design elements.
The colour of the Banknote is stone-grey.
The Banknote has a pre-dominant new theme - Indian heritage site - Red Fort.
The new Banknote is different from the present series in colour, size, theme, location of security features and design elements.
The colour of the Banknote is stone-grey.
The Banknote has a pre-dominant new theme - Indian heritage site - Red Fort.
On
the Front: See through Register with
denominational numeral 500
Latent image
with denominational numeral 500
Denominational numeral 500 in "Devnagri"
Portrait of Mahatma Gandhi
at the centre
Micro letters
“RBI” and “500” on the left side of the Banknote
Windowed security thread
with inscriptions “Bharat” (in Hindi), RBI and 500 on Banknotes with colour
shift. Colour of the thread changes from green to blue when the Banknote is
tilted
Guarantee Clause, RBI
Governor’s signature with Promise Clause and RBI emblem
towards the right
Denominational numeral
with Rupee symbol “R 500” in colour changing ink (green to blue) on bottom
right, Ashoka Pillar emblem on the right.
Watermarks: Mahatma
Gandhi portrait and electrotype (500).
Number panel with
numerals growing from small to big on the top left side and bottom right side
For visually impaired:
Intaglio or raised
printing of Mahatma Gandhi portrait, Ashoka Pillar emblem, Bleed lines and
identity marks.
Horizontal rectangle with
“R500” in raised print on the right.
Five angular bleed lines
on the left and right side in raised print
On the Back:
Year of printing
on the Banknote on the left
“Swachh Bharat” logo
with slogan
Language Panel
towards the centre
Motif of Red Fort, New Delhi
Denominational numeral
“500” in Devnagri
Size/Dimensions
of the Banknote: 150 mm x 63 mm
Posted on 07.02.2017:
I have collected the following Banknote while getting a pollution control check on my car done. Got a "Near-Miss" on getting a fancy number Banknote:
Posted on 15.05.2017:
Yesterday when I visited a nearby Provision store to collect some Dark chocolates, I asked the Assistant at the counter to whether she had any new Banknotes for my collection. She was quite knowledgeable about Indian currency and asked me straightaway, if I would like to have some of Urjit Patel signed Rs.10/- Banknotes. She immediately checked up the cash drawer and gave me five recently issued mint fresh pieces. Not only that, we discussed about how several customers were still trying to pass onto the store Y.V. Reddy and earlier RBI Governors signed Banknotes without the year of issue printed at the back, which have been withdrawn from circulation by RBI, almost a year ago, but she was wise to their "tricks". We had an interesting discussion on recent changes brought about in Rs.20/- and Rs.50/- Banknotes as well, along with the possibility of introduction of Rs.200/- denomination notes:
Posted on 06.01.2018:
Reserve Bank of India has vide its Press Release 2017-2018/1848 dated 05.01.2018 announced that it will shortly issue Rs.10/- denomination Banknotes in the Mahatma Gandhi (New) Series, bearing the signature of Dr. Urjit R. Pate., RBI Governor.
The new denomination will bear the motif of the "Sun Temple, Konark" on the Back, depicting the country's cultural heritage.
The base colour of the Banknote is Chocolate Brown. The Banknote has other designs, geometric patterns aligning with the overall colour scheme, both on the Front and Back.
All the Banknotes in the denomination of RS.10/- issued by the RBI in the earlier Series will continue to be legal tender.
The salient features of the new Rs.10/- denomination Banknote are:
Front (Obverse):
- See through register with denominational numeral 10
- Denominational numeral "10" in Devnagari/Hindi
- Portrait of Mahatma Gandhi at the centre
- Micro letters "RBI", "Bharat" (in Hindi), "India" and "10"
- Windowed demetalised security thread with inscriptions "Bharat" (in Hindi/Devnagari) and "RBI
- Government Guarantee clause, Governor's signature with Promise Clause and RBI emblem towards right of Mahatma Gandhi's portrait
- Ashok Pillar emblem on the right
-Mahatma Gandhi portrait and electrotype (10) watermarks
- Number panel with numerals growing from small to big (exploding font) on the top left side and bottom right side.
Back (Reverse):
- Year of printing of the Banknote on the left
-"Swachh Bharat" logo with slogan
- Language panel
- Motif of Sun Temple
- Denominational numeral "10" in Devnagari.
The Dimensions of the Banknote will be 63 mm x 123 mm.
The redesigning of the Bank currency Notes in the lower denominations is part of a strategy to reduce the incidence of counterfeiting.
It is understood the RBI has printed around 1.0 billion (RS.100 crore) of the new currency in the Rs."10" denomination which will be released for circulation.
Posted on 07.03.2018:
We just returned from a wonderful trip to Bengaluru, Kerala and Tamil Nadu with our friends Ajit, Anu and Amma, for which separate posts are being created by Sumita.
I managed to acquire the following two Banknotes of the new design. The first one was collected at the Cloak-room of Padmanabha temple, details of which are as under:
The interesting aspect of this new Banknote is as pointed out by Sujit Agarwal, who is an avid Banknote, Coins and Stamps collector based in Pune, that although the RBI circular advising about the circulation of the Rs.10/- Banknotes of the new design was dated 05.01.2018, the Banknotes actually released into circulation bear the year of issue as 2017.
This Banknote was acquired by me at a petrol pump in Tamil Nadu, where although we did not understand each other's language much, I enquired from a lady attendant whether she had a new design Rs.10/- Banknote, as I was a Banknote collector. She signalled that she did not have one and shouted out to all the other attendants at the busy pump station.
All activity at the pump stopped and everyone began searching for a new design Banknote for me. Finally one of her lady colleagues managed to fish out the above Rs.10/- Banknote. I have never seen such "efficient" customer service on a totally unrelated subject to the Pump's line of work. I have been impressed no end.
Posted on 10.04.2018:
Yesterday, I was rather surprised that my vegetable vendors (a Farmer's Cooperative venture) had kept this Rs. 10/- Banknote which has been issued by RBI in 2018, for my collection:
Posted on 30.07.2018:
I picked up the undernoted Banknote during our recent trip to Aurangabad and the Lonar crater. I have this habit of enquiring from all vendors and shop-keepers whether they have any new Banknotes, in the hope that I might come across any new issues for my collection. This one I collected at a road-side tea & snacks outlet on our way to the Ajanta Caves:
The Front of the above Rs.10/- Banknote bears the serial Number "76D 153367" and has been issued with an "R" Inset. It exhibits all the features recently incorporated in this denomination of Banknote under the Mahatma Gandhi (New) Series of Banknotes. This Banknote has been issued in "2017"
The Back of the Rs.10/- Banknote bears the same design as in the recent issues under the Mahatma Gandhi (New) Series of Banknotes of this denomination and bears the year of issue "2017" at centre left
Posted on 09.09.2018:
This Banknote was brought for my collection by Dennis and Maggie, when they were visiting us in August 2018:
The Front of this Rs. 10/- Banknote bears the Serial no. "61T 748634" and has been issued with an "R" Inset in 2018. Its design elements are similar to earlier issues of this denomination
The Back of this Rs.10/- Banknote exhibits the year of issue as "2018" at centre left and bears the same design elements as in earlier recent issues
Posted on 09.09.2018:
This Banknote was brought for my collection by Dennis and Maggie, when they were visiting us in August 2018:
Posted on 05.11.2018:
I picked up this new design Rs.10/- Banknote at a local mall a few days ago. It was the last one, which the counter assistant had in the cash drawer:
The Front of the above Rs.10/- Banknote, bearing the Serial no. " 22D 299386" has been issued with an "L" Inset in 2018. Its design elements are similar to the recently issued Banknotes of this denomination.
I picked up this new design Rs.10/- Banknote at a local mall a few days ago. It was the last one, which the counter assistant had in the cash drawer:
Posted on 30.07.2019:
I collected the following Banknote at a nearby snacks shop last week:
Posted on 22.08.2019:
Zaheer Hasan, an avid Banknote Collector, has sent me the following image from his collection, of a Rs.10/- Banknote issued in 2019, under the signature of Shri Shaktikanta Das, present RBI Governor:
The Front of this Rs.10/- Banknote bearing the serial No. "60C 638666" and issued with an "R Inset" in 2019, has been signed by Shri Shaktikanta Das, present RBI Governor. Its design elements are similar to the recently issued Banknotes of this denomination
Zaheer Hasan, an avid Banknote Collector, has sent me the following image from his collection, of a Rs.10/- Banknote issued in 2019, under the signature of Shri Shaktikanta Das, present RBI Governor:
The Back of the above Rs.10/- Banknote shows the year of issue at left centre as "2019" and bears identical features as in recently issued Banknotes of this denomination
A few days ago, during the Chinese Wuhan virus lockdown, I acquired the undernoted worn-out Banknote from a roadside vegetable vendor, which bears a "*" in its serial number:
Posted on 13.09.2022:
Visited this old post after a very long time. Posting this Banknote which I have been planning to for over a year now. Will be scanning other Banknotes of this denomination and putting them up very soon.
The Front of a Rs. 10/_ Banknote issued in 2019, bearing the serial number 07E 293755 and issued with an "R" Inset. This Banknote has been issued under the signatures of the present RBI Governor Shri Shaktikanta Das
The Back of the above Banknote shows the year of issue as - "2019".
LLinks to other posts on Indian Currency/Banknote denominations on this blog:
10) Did-you-know-series-1: Assists for identification of Currency Notes by visually challenged users
13) Introduction of a Rs.200/- Banknote wef 25.08.2017: Reasons for introduction, Necessity & convenience to Users
Some interesting links on Indian coins on this Blog: