Evolution of Republic India Notes from 1947 to 1980s

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Evolution of Republic India Notes from 1947 to
1980s
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• After Indias independence on 15th August 1947,
  the Reserve Bank of India kept issuing extant
  notes until the Republic of India was formed on
  26th January 1950.
• New designs of Republic India notes bearing the
  denomination 1 rupee was introduced in 1949.

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• Designs for other notes of Republic India were
  finalised after the constitution was formed in
  1950.
• Even though a portrait of Mahatma Gandhi was a
  popular choice, the Lion Capital at Sarnath
  design was finalised and created as per earlier
  patterns.

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• Old notes of republic India issued in 1953
  featured Hindi texts more prominently and notes
  of high denomination like Rs 1,000, Rs. 5,000,
  Rs. 10,000 were reintroduced in 1954.
• Sizes of these old republic India notes were
  reduced in 1967 due to the degrading economic
  condition of the sixties.

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• A commemorative series of republic India notes
  were issued in 1969 to observe the 100th birth
  anniversary of Mahatma Gandhi.
• These amazing old notes of Republic India
  featured a seated Gandhi and the Sevagram Ashram
  in the background.

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• Rs. 20 denomination republic India notes were
  introduced in 1972 and Rs. 50 notes in 1975. High
  denomination notes were discontinued in 1972.
• Old Republic Notes of India with interesting
  designs of Aryabhatta, Oil Rig, Farm
  Mechanisation, Konark Wheel, Peacock etc. were
  released in the 1980s.