Buy Historical Republic India Banknotes, Paper Money, Currency online on MarudharArts.

100 Rupees,&nbsp;1950, I Issue, Kanpur Circle, Signed by&nbsp;B. Rama Rao, with two different seals or stamps,&nbsp;in the blue ink in two lines it reads&nbsp;&quot;MUTILATED PAYMENT REFUSED&quot;&nbsp;&amp; in the black ink it reads&nbsp;&quot;TO CLAIMS&nbsp;CALCUTTA&quot;,&nbsp; S. No. U1 990039,&nbsp;about fine with restoration, Extremely Rare,&nbsp;Sold as it is with no returns.

Cataloguer describes this&nbsp;as the possible event,&nbsp;since the note is torn and has external paper pasted at back, the&nbsp;bank where it was tried to be exchanged or paid, would have put the &ldquo;MUTILATED PAYMENT REFUSED&rdquo; stamp&nbsp;as per their internal policy, consequently it may&nbsp;not have been accepted by the main branch of that bank or RBI in&nbsp;that city and was redirected to the Calcutta branch or Calcutta RBI for Claims with the stamp of &ldquo;TO CLAIMS CALCUTTA&rdquo;.&nbsp;

Needs more research, nevertheless an interesting example!&nbsp;

Rare Collection of Hundred Rupees 87 Notes of Republic ...

PMG Graded One Hundred Rupees Banknote of Republic Indi ...

A Collection of One Hundred Rupees 141 Banknotes of Ye ...

Error Ten Rupees Bank Note Signed by Manmohan Singh.

Extremely Rare PMG Graded Same Prefix 1BB Telescopic F ...

PMG Graded One Hundred Rupees First Issue Banknote of 1 ...

One Rupee Bank Notes of King George V Signed by M M S ...

Rare One Rupee Banknotes Bundle of Republic India of 19 ...

One Hundred Rupees Bank Note of King George VI Signed b ...

One Thousand Rupees Bank Note Signed by B. Rama Rao of ...

PMCS Graded Ten Rupees Banknote of King George VI of 19 ...

Five Rupees Bank Note of King George VI Signed by C. D. ...

Marudhar Arts Notification