Whatever Indian currency you have, the name of the Governor of Reserve Bank of India (RBI) will be printed on it. There is no rupee note which does not bear the signature of the RBI Governor. But do you know which governor’s name was first printed on Indian notes? Today we will tell you about it.
indian rupees
IAS Sanjay Malhotra is the new Governor of RBI. You must have seen on all the Indian rupee notes that when that note is issued, the name and signature of the Governor of the country is there on the note. The words, name and signature of the RBI Governor are present on all the notes of Rs 10,20,50,100 and Rs 500 circulating in the country. But today we will tell you which governor’s name was first printed on the notes of India.
first governor of india
The first Governor of the Reserve Bank of India (RBI) is Sir Osborne Smith. Let us tell you that RBI was established on 1 April 1935. Osborne Smith became the first Governor of RBI on 1 April 1935. At that time, Smith was a professional banker and after serving for 20 years in the Bank of New South Wales and 10 years in the Commonwealth Bank of Australia, he came to India in 1926 as the Managing Director of the Imperial Bank of India. However, RBI did not issue notes during his tenure.
When did RBI issue notes for the first time?
The Reserve Bank of India was established on April 1, 1935. But three years after its establishment, in January 1938, RBI issued a currency note of Rs 5 for the first time. The picture of ‘King George VI’ was printed on this note. The second Governor of India at that time was James Brad Taylor. In the same year, RBI again issued Rs 10 notes, Rs 100 notes in March and Rs 1,000 and Rs 10,000 currency notes in June.
First Indian note after independence
Independent India’s first currency note of Rs 1 was issued by the Reserve Bank in the year 1949. Let us tell you that till the year 1947, the picture of British King George was printed on the notes issued by the Reserve Bank. But on the first 1 rupee note of independent India, new bank notes were issued with the lion capital symbol of the Ashoka Pillar from Sarnath in place of the portrait of King George. The governor at that time was Bengal Rama Rao. The Reserve Bank of India had for the first time issued Rs 100 notes with Gandhiji’s photo as a remembrance in the year 1969.
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