Why was Gandhi chosen on Indian currency?
1 note in 1949. Symbols for independent India had to be chosen. At the outset it was felt that the King’s portrait be replaced by a portrait of Mahatma Gandhi. Designs were prepared to that effect.
When was Gandhi photo used in Indian currency?
The Rs. 500 note was introduced in October 1987 with the portrait of Mahatma Gandhi.
Why only Mahatma Gandhi’s picture can be seen on Indian currency?
The then-Finance Minister stated, “A Reserve Bank of India (RBI) panel has decided against the inclusion of any other national leader’s image on banknotes saying that no other personality could better represent the ethos of the country than Mahatma Gandhi,” according to news reports.
Is there 10000 rupees note in India?
It was first introduced by the Reserve Bank of India in 1938 under British rule and subsequently demonetized in 1946. Post-independence, the denomination was re-introduced in 1954. In January 1978, all high-denomination banknotes of ₹1000, ₹5,000, and ₹10,000 were demonetized in order to curb unaccounted cash money.
When did Currency start in India?
The introduction of small denomination notes in India was essentially in the realm of the exigent. Compulsions of the first World War led to the introduction of paper currency of small denominations. Rupee One was introduced on 30th November, 1917 followed by the exotic Rupees Two and Annas Eight.
Which notes do not have the picture of Mahatma Gandhi?
According to media reports, some Rs 10 notes printed and issued by the Reserve Bank of India in the recent past do not have Mahatma Gandhi’s portrait on them. Notes with Mahatma Gandhi’s portrait were printed and issued by the RBI after 1996.