1 Rupee

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.