The Banknote Society
₹1 Rupee Note Bundle 1980 – R.N. Malhotra Signature – Government of India Wheat Design
Per piece
This listing offers a bundle of ₹1 Government of India notes, dated 1980, signed by R.N. Malhotra, Secretary, Ministry of Finance — a signatory who would later go on to serve as Governor of the Reserve Bank of India (1985–1990). 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 RBI, giving it a distinct collecting category of its own.
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 R.N. Malhotra's signature beneath the "SECRETARY, MINISTRY OF FINANCE" designation. The reverse displays the 1 Rupee coin motif dated 1980, framed by wheat stalks symbolizing agricultural prosperity — the classic, widely recognized wheat-sheaf reverse design used consistently across ₹1 notes of this period.
The notes in this bundle carry the serial number 93D 809001, 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 signature-series notes connected to future RBI Governors, dealers seeking verified bulk stock, or anyone tracing the personnel history behind India's currency administration.