Ask a Teacher
who signs the currency notes in india ? |
The Reserve Bank of India under section 22 of “The Reserve Bank of India Act, 1934” has the sole rights to issue Currency notes in India. The currency notes issued by RBI are in denominations of 2, 5, 10, 20, 50, 100, 500 and 1000 and bears the signature of RBI Governor. Under section 28 (A) of “The Reserve Bank of India Act, 1934”, only one rupee denominated notes are issued by Central Government. One Rupee note hence bears the signature of Finance Secretary, Government of India. |