1 Paisa

Rajkot was a small princely state in Kathiawar, Gujarat, under British paramountcy — not an independent monetary authority in any real sense. Its wartime paper paisa issues were local necessity tokens, filling a gap in small-denomination coinage that the broader British Indian supply chain couldn't reliably satisfy during the early 1940s. Dozens of Kathiawar states resorted to similar measures, making individual attribution sometimes tricky when notes lack clear serial sequences or issuing officer signatures.

Survival rate for these fractional paper issues is poor — they were essentially spent into oblivion and rarely treated as worth keeping.