EVOLUTION OF REPUBLIC INDIA NOTES FROM 1947 TO 1980S
• AFTER INDIA’S INDEPENDENCE ON 15TH AUGUST 1947, THE RESERVE BANK OF INDIA KEPT ISSUING EXTANT NOTES UNTIL THE REPUBLIC OF INDIA WAS FORMED ON 26TH JANUARY 1950. • NEW DESIGNS OF REPUBLIC INDIA NOTES BEARING THE DENOMINATION 1 RUPEE WAS INTRODUCED IN 1949.
• DESIGNS FOR OTHER NOTES OF REPUBLIC INDIA WERE FINALISED AFTER THE CONSTITUTION WAS FORMED IN 1950. • EVEN THOUGH A PORTRAIT OF MAHATMA GANDHI WAS A POPULAR CHOICE, THE LION CAPITAL AT SARNATH DESIGN WAS FINALISED AND CREATED AS PER EARLIER PATTERNS.
• OLD NOTES OF REPUBLIC INDIA ISSUED IN 1953 FEATURED HINDI TEXTS MORE PROMINENTLY AND NOTES OF HIGH DENOMINATION LIKE RS 1,000, RS. 5,000, RS. 10,000 WERE REINTRODUCED IN 1954. • SIZES OF THESE OLD REPUBLIC INDIA NOTES WERE REDUCED IN 1967 DUE TO THE DEGRADING ECONOMIC CONDITION OF THE SIXTIES.
• A COMMEMORATIVE SERIES OF REPUBLIC INDIA NOTES WERE ISSUED IN 1969 TO OBSERVE THE 100TH BIRTH ANNIVERSARY OF MAHATMA GANDHI. • THESE AMAZING OLD NOTES OF REPUBLIC INDIA FEATURED A SEATED GANDHI AND THE SEVAGRAM ASHRAM IN THE BACKGROUND.
• RS. 20 DENOMINATION REPUBLIC INDIA NOTES WERE INTRODUCED IN 1972 AND RS. 50 NOTES IN 1975. HIGH DENOMINATION NOTES WERE DISCONTINUED IN 1972. • OLD REPUBLIC NOTES OF INDIA WITH INTERESTING DESIGNS OF ARYABHATTA, OIL RIG, FARM MECHANISATION, KONARK WHEEL, PEACOCK ETC. WERE RELEASED IN THE 1980S.