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1000 Rupees
| Issuer | Reserve Bank of India |
|---|---|
| Year | 1975-1977 |
| Type | Log in to see details |
| Value | 1000 Rupees (1000 INR) |
| Currency | Log in to see details |
| Composition | Log in to see details |
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| Obverse description | The obverse carries the bilingual heading "BHARATIYA RESERVE BANK" in Hindi at the top centre, above the issuer's name in English. A central vignette is surrounded by fine guilloche underprint in brown and green tones, with the denomination numeral "1000" at both upper corners. The bearer promise appears in both English and Hindi scripts, accompanied by the Governor's signature and the Bombay issue designation. |
|---|---|
| Obverse lettering | Log in to see details |
| Reverse description | Log in to see details |
| Reverse lettering | भारतीय रिजर्व बैंक एक हजार रुपये BHARATEEYA RESERVE BANK EK HAJAR ROOPAYE ONE THOUSAND RUPEES |
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| Comments |
The high-denomination 1000 Rupee note was demonetized in India in January 1978 under the High Denomination Bank Notes (Demonetisation) Act, with just three days' notice given to the public for redemption. The stated aim was to curb black money and counterfeit currency. The policy's actual effectiveness was widely disputed — large holders with banking access exchanged their notes without difficulty, while the measure fell hardest on those in remote areas or without accounts.
Two governors signed across this series: Sen Gupta's tenure was brief, making his signature variant the scarcer of the two. Notes bearing Puri's signature cover the longer run through 1977, one year before demonetization rendered the entire issue void.