For the same reason they dont issue naiye paise... too small in value
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.
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.
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.
b l sharma
The first paper Rs. 10 note was issued by the Reserve Bank of India (RBI) on November 1, 1938. This note was part of the Mahatma Gandhi series and marked a significant step in India's currency evolution. Over the years, the design and security features of the Rs. 10 note have undergone several changes.
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
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'.
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.
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.
No the secretary minister of Finance is the signatory. The one rupee not is the actual legal tender of the country.
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
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.
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.
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.
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.
one rupee is a token currency and the other higher notes are backed bu multiples of 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.