Secretary, Ministry of Finance.
Reason : As rupee is the currency of our country and only govt has the authority to issue indian currency it has been signed by ministry of finance, all other notes are bearer notes which are signed by governor of RBI.
So when the note of 2 or more then that says that " I Promise to pay the bearer the sum of ----- rupees", it means that the note is actually a promisary note and will be paid using one rupee note or by coins.
Reason : As rupee is the currency of our country and only govt has the authority to issue indian currency it has been signed by ministry of finance, all other notes are bearer notes which are signed by governor of RBI.
So when the note of 2 or more then that says that " I Promise to pay the bearer the sum of ----- rupees", it means that the note is actually a promisary note and will be paid using one rupee note or by coins.
No comments:
Post a Comment