The Banknote Society
₹1 Rupee Note Bundle – Government of India 1986 – Offshore Oil Rig Reverse Design
Per piece
This listing offers a bundle of ₹1 Government of India notes, dated 1986, issued directly by the Government of India (not the Reserve Bank of India) and signed by S. Venkitaramanan, Finance Secretary, Ministry of Finance. The ₹1 note holds a unique place in Indian numismatics as the only denomination issued as a rupee coin-equivalent note by the Government of India itself, rather than the RBI, making it a distinct and consistently popular category for collectors.
The obverse features the Ashoka Pillar emblem (Lion Capital) with "सत्यमेव जयते" beneath it, the "GOVERNMENT OF INDIA" header, and the denomination in Hindi ("एक रुपया") alongside the Finance Secretary's signature and title. The reverse displays the notable 1 Rupee coin motif at top-left, dated 1986, framed by wheat stalks symbolizing agricultural prosperity, alongside an illustration of an offshore oil drilling rig — a design chosen to commemorate India's growing offshore petroleum exploration industry during the 1980s. This oil rig motif is one of the more distinctive and collector-recognized reverse designs among ₹1 notes of this era.
The notes in this bundle carry the serial number 75G 376701, printed in black, and the bundle is presented in its original wrapped format, preserving the notes as issued and packed.
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 design variety, those specifically collecting the oil rig reverse motif, dealers seeking verified bulk stock, or anyone documenting India's economic and industrial history through its currency.