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2 Rupees

Issuer Reserve Bank of India
Year 1975-1997
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Currency Rupee (decimalized, 1957-date)
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Obverse lettering BHARATEEYA RESERVE BANK RESERVE BANK OF INDIA KENDRIYA CIRCAR DWARA PRATYABHOOT GUARANTEED BY THE CENTRAL GOVERNMENT MY DHAARAK KO/I PROMISE DO ROOPAYE/TO PAY THE ADAA KARNE KAA /BEARER THE SUM VACHAN DETAA HUM/ OF TWO RUPEES 2 GOVERNOR IN HINDI/ENGLISH DO ROOPAYE
(Translation: Reserve Bank of India Reserve Bank of India Guaranteed by the Central Government Guaranteed by the Central Government I Promise to Pay the Bearer the sum of Two Rupees I Promise to Pay the Bearer the sum of Two Rupees 2 Governor Two Rupees)
Reverse description Red and blue multicoloured reverse dominated by a central vignette of the Aryabhata satellite in orbit against a blue starfield background, with the curved limb of the Earth visible in white below. An ornate red floral and scroll guilloche border frames the entire note, with the numeral '2' in decorative cartouches at left and lower-right. The denomination is lettered in Hindi at top and in English along the lower margin.
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Comments

The proliferation of signature and plate letter combinations on this single denomination is unusual even by RBI standards — P#79 encompasses at least fifteen distinct collectible varieties spanning over two decades and eight governors. The transition from I. G. Patel issues without watermark to those with watermark, and the later addition of text below the Ashoka Column, reflect successive security and printing upgrades rather than new note designs. Patel served as RBI Governor from 1977 to 1982, which brackets those early varieties fairly tightly.

The "without plate letter / Malhotra with text" variant alongside the "Plate letter A / Malhotra with text" variety suggests a mid-run plate introduction during R. N. Malhotra's tenure — a transitional printing detail that makes his governorship the most variant-rich of the series.

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