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For the same reason they dont issue naiye paise... too small in value

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15y ago

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Whose signature does an Indian 5 rupee note bear?

As usual the RBI Governor. Only One rupee note is an exception to this. The Finance Secretary of India signs on the Rupee note. ONE RUPEE NOTE WAS SINGED BY FINANCE SECRETARY


When was the first 10 Rupee note issued by the Reserve Bank of India?

The very first issue of banknotes produced by the RBI in 1937 included the 10 Rupee note. Notes with the signature 'J.B. Taylor date from 1937-1942' notes with the same design from 1943 onwards have the signature 'C.D. Deshmukh'. The 1943 issue 10 rupee note has the same signature, but a different design. Prior to 1937, 10 Rupee notes were issued by the 'Government of India'.


Who signs the 10 rupee note?

The 10 rupee note in India is signed by the Governor of the Reserve Bank of India (RBI). As of my last knowledge update in October 2023, the signature would be that of the current RBI Governor. This signature authenticates the note as legal tender in India.


Whose signature is there on a 10 rupee note?

The signature on a 10 rupee note in India is that of the Reserve Bank of India (RBI) Governor. The signature is an essential feature that authenticates the currency note, indicating it is issued by the RBI. As of October 2023, the current RBI Governor is Shaktikanta Das, whose signature appears on the notes issued during his tenure.


Does one rupee coin and one rupee note in India carries signature of RBI Governor?

No the secretary minister of Finance is the signatory. The one rupee not is the actual legal tender of the country.


What is written on a 100 rupee note and whose signature are there on it?

on a hundred rupee note you can find the governor's signature, the year when the note has been printed, the image of Gandhi,the RBI paper and 'hundred rupee' is written in fifteen languages on the back side and in two languages on the front, English and Hindi


Who sign on 10 rupee note reserve bank governor or state governor?

The signature on the 10 rupee note is that of the Reserve Bank of India (RBI) Governor, not the state governor. The RBI Governor's signature signifies the authority of the central bank in issuing currency. State governors do not have a role in the issuance of currency notes in India.


Why two rupee note bears signatures of RBI governor and one rupee note bears signatures of finance secretary?

One rupee note was never issued by reserve bank of india,hence it do not bear the signatures of RBI governor. one rupee was issued by ministry of finance so it always had signatures of finance secretary on it where as 2 rupees notes were issued by reserve bank of india so it bears governer's signatures. other then one rupee notes,all other denomination notes have the signatures of reserve bank of india.


Whose signature contains 5 rupee note?

The signature on the Indian 5 rupee note is that of the Reserve Bank of India's Governor. The specific individual whose signature appears can vary based on the year the note was printed, as different governors serve over time. As of my last knowledge update, the most recent signatures may reflect the current RBI Governor's name.


Which cheque works just like a currency note?

Currency notes are promissory notes payable to the bearer on demand.section 31 of RBI ACT provides that no one other than RBI or Central Govt. Can issue a promissory note or bill of exchange payable to bearer on demand...hence no cheque works just as a currency note.


When was one rupee coin is minted first time in India?

one rupee is a token currency and the other higher notes are backed bu multiples of rupee.


Could the Reserve Bank done anything to protect the value of the Indian Rupee?

Yes, the RBI could have taken steps to protect the value of the Indian Rupee. But, unfortunately they did not. That is why Rupee is dangling at over Rs. 52 per US Dollar.