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1 Rupee
| Issuer | Gandhi Rashtriya Smarak Nidhi (Gandhi National Memorial Fund) |
|---|---|
| Year | 1950-1955 |
| Type | Log in to see details |
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| Currency | Rupee (decimalized, 1957-date) |
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| Obverse description | Intaglio-style portrait of Mahatma Gandhi in an oval vignette at right, set against a guilloche wave underprint in grey-green. The central field carries the Hindi inscription in large Devanagari script. A decorative border of stylised spinning-wheel (charkha) medallions frames all four sides; the denomination numeral "1" appears at upper corners and "एक रुपया" at lower right. |
|---|---|
| Obverse lettering | Log in to see details |
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| Reverse lettering | گاندھی قومی یادگار فنڈ (Translation: Gandhi National Memorial Fund) |
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| Comments |
The Gandhi Rashtriya Smarak Nidhi was established in 1948 to manage the national memorial fund created after Gandhi's assassination. These notes were not legal tender — they functioned as fund-raising coupons, issued to donors in exchange for contributions toward the memorial at Sevagram and related charitable work. The distinction matters: they circulated socially and symbolically rather than commercially, which is precisely why surviving examples in any condition are harder to find than their print runs might suggest.
No central bank involvement, no government guarantee behind them.