The Banknote Society
₹1 Rupee Note Bundle 1976 – M.G. Kaul Signature – Government of India Wheat Design
Per piece
This listing offers a bundle of ₹1 Government of India notes, dated 1976, signed by M.G. Kaul, Secretary, Ministry of Finance. As with all ₹1 notes, this denomination is legally classified as a coin represented in note form, issued directly by the Government of India rather than the Reserve Bank of India — a distinction that gives it a collecting category all its own, separate from RBI-issued denominations.
The obverse carries the standard Government of India layout: the "GOVERNMENT OF INDIA" banner, the Ashoka Pillar (Lion Capital) emblem in a circular medallion inscribed "INDIA," the denomination in numeral and Hindi script ("एक रुपया / ONE RUPEE"), and M.G. Kaul's signature beneath the "SECRETARY, MINISTRY OF FINANCE" designation. The reverse displays the 1 Rupee coin motif dated 1976, framed by wheat stalks symbolizing agricultural prosperity — the classic wheat-sheaf reverse design consistently used across ₹1 notes of this period.
The notes in this bundle carry the serial number N 60 428001 H, printed in black, and the bundle is presented in its original wrapped format, preserving the notes as issued and packed together.
Why this bundle matters to collectors and dealers:
Who this bundle is for
Ideal for collectors building a complete ₹1 Government of India note collection by year and signatory, those specifically collecting M.G. Kaul signature-series notes, dealers seeking verified bulk stock, or anyone documenting the personnel history behind India's currency administration through the 1970s.