For the purpose banknotes of Issued in 1949 and 1950 did not have picture of the coin in it, But from year 1951, the picture of coin was again introduced in the banknote instead of Lion Capitol of Ashoka Pillar. From the year 1951 to 1956, the picture of one coin of 1951 was same and again from 1957 to 1962, the picture of coin was of 1957 coin only. From the year 1963 regular yearly coin is been changed except for year 1982, which no one rupee banknote was printed with image of coin of the year 1982. The colour of first three banknotes of republic India banknotes was olive green, but it was later changed to blue colour in 1951.
In the year 1963 the size of the one rupee bank was again reduced to 9.7 X 6.3 cms and also the design and get up of the banknote was also changed. In the year 1969 Special Commemorative banknote was printed on commemorate the birth century of Mahatma Gandhi. In the year 1981 the design the colour and placement of image of one rupee coin was changed in the one rupee banknote. Republic India of finance and accounting One Rupee Banknote is considered as one rupee coin only, One Banknote issued by the Government of India and not by the Reserve Bank of India and it is at par with the one Rupee Coin and except two one Rupee Banknote, all one banknote had a image of the Coin in the year in which it was issued except for two years. In all 61 Varieties of One Rupee Banknotes was issued in Republic India from 1949-2016. In the year 1994 the printing of one Rupee banknote was discontinued because of the High Costs of Printing and lesser life of banknote than a one Rupee Coin, but again in 2014 to overcome to shortage of one rupee coin in the market it was again decided to issue one rupee banknotes with the signatures of Avrind Mayaram, SecretaryMinistry of Finance, but by the time the official gazette was issued, Shri Arvind Mayaram had retired and Shri Rajiv Mehrishi was appointed as the new Secretary, Ministry of Finance, so in 2015, new One Rupee Banknotes with New One Rupee Coin 2015 with the symbol of Rupee and L inset with colour was issued after a gap of 20 years. On 13th February, 2015, New Rupee banknotes was officially issued to general public and for the first time One Rupee Star Replacement series of banknotes was also issued with prefix 00F.
With the issue of One Rupee Banknote with the year 2016 printed with the signature of Shri Ratan K Watal on 29th March, 2016, the one rupee banknote has complete a centaury from year 1917 to 2016. In the year 2017 One Rupee Banknotes with Signature of Shaktikant Das and in 2018 and 2019 with Signature of Subhash Chand Garg with minor variation of Year of Printing printed clear the image of coin and not at bottom of banknote on the backside. In 2020, One Rupee Banknote has been issued with the signature of Atanu Chabraborty and the picture of One Rupee Coin has been replaced with New Series of One Rupee Coin.
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