A hundred years ago| November 29, 1917 Archives

One Rupee Notes.

The Government of India have decided to commence the issue of one rupee currency notes at the head offices of the Presidency Banks at Calcutta, Bombay and Madras on the 1st December next. As has already been announced the notes will be legal tender throughout India and encashable for rupees at all currency offices. They will be accepted by all District Treasuries and Sub-Treasuries in payment of Government dues and by post offices and Railway administrations in payment of all postal and railway transactions. The facilities at present afforded for cashing currency notes of other denominations at the district treasuries will be extended to one rupee notes and for the convenience of the public the Government of India have further made arrangements for the encashment of the notes at the head and sub post offices in Calcutta, Bombay and Madras and the suburban areas of these cities up to a limit of Rs. 5 a day for any one person. It was the intention of the Government of India to commence the issue of two and a half rupees currency notes at the same time, but they have been unable to do so owing to the fact that sufficient supplies have not yet been received in the country. It is however hoped that it will be possible to make two and a half rupees notes available to the public very shortly on the same conditions as one rupee notes.

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Printable version | Aug 9, 2020 9:27:07 AM | https://www.thehindu.com/archives/one-rupee-notes/article21040452.ece

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