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The one rupee note in India, issued by the Ministry of Finance, serves as a currency backed by the government rather than the Reserve Bank of India. It is primarily used for transactions in rural areas and small purchases, helping to promote financial inclusion. The note features the portrait of Mahatma Gandhi and is printed in limited quantities, making it a unique and collectible item for numismatists. Its issuance reflects the government's commitment to maintaining a diverse currency system.

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2w ago

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Who is signatures are there on one rupee note?

Secretary, Ministry of Finance signs on one rupee note and It is issued by that department too.


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.


1 rupee note is issued by?

Government of India


Who issued the one rupee note?

Government of India


Whose signature is found on one rupee note in India?

finance secretary of the government of india


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


Whose signature does the one rupee note bear?

Whose signature does the one rupee note bear?Rupee one notes bearing the signature of Secretary, Ministry of Finance while other denominations bearing the signature of the Governor of Reserve Bank of India are Bank Notes


Why does a hundred rupee note have the Reserve Bank of India typed and the One rupee coin have Government of India written on it?

One rupee coin is issued Govt. of India to cope with fianacial crisis and have no value if you go to Reserve Bank of India to exchange with gold.


Who issued coin rupee for the first time in India?

Sher Shah Suri


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 Indian currency name?

The currency of India is called the Indian Rupee, abbreviated as INR. The symbol for the Rupee is ₹. It is issued and regulated by the Reserve Bank of India, which is the country's central bank. The Rupee is subdivided into 100 smaller units called paise.


How many new coins of independent India were issued in 1950?

India minted:Pice (~50,000,000)1/2 Anna (~30,000,000)1 Anna (~10,000,000)2 Annas (~8,000,000)1/4 Rupee (~15,000,000)1/2 Rupee (~14,000,000)1 Rupee (~20,000,000).