RBI Highest Denomination Note - Summary
The highest denomination currency note ever printed by the Reserve Bank of India is the ₹10,000 note. This note was issued during the British Raj in 1938. Although the note was demonetized in 1946, a new version of the note was introduced in 1954. Eventually, the ₹10,000 note, along with the ₹1,000 and ₹5,000 notes, were demonetized by the then Prime Minister Morarji Desai in 1978.
Interesting Facts About the ₹10,000 Note
This high-value note is a significant part of India’s currency history. It represents a time when large transactions were common, and it played a crucial role in the economy. Understanding its impact can help us appreciate the changes in our currency system.
Why Was It Demonetized?
The demonetization of the ₹10,000 note, along with other high denominations, was aimed at curbing black money and managing inflation. These measures were essential in changing how money was used in India.
You can download the RBI Highest Denomination Note in PDF format using the link given below.