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British India, 1938,&nbsp;King George VI, 1000 Rupees,&nbsp;Calcutta&nbsp;Circle, Signed by&nbsp;J.B. Taylor, three seals on the obverse and one&nbsp;seal on the reverse in black ink reads &quot;PAYMENT REFUSED UNDER ORDERS OF THE CENTRAL GOVERNMENT&quot;, A Prefix, S. No, A6 382479, (KJ &amp; RR # 4.8.1B), staple&nbsp;holes at issue, bank seals at the reverse,&nbsp;folds, stains, graffiti, graded by PMG as 25 Very Fine,&nbsp;Extremely Rare.

Note:&nbsp;It is interesting to observe payment refused seals on this banknote.&nbsp;The high-value&nbsp;notes of Rupees 500, 1000 &amp; 10000 in circulation including Uniface notes were&nbsp;demonetized in January 1946.&nbsp; A&nbsp;specified time and method were prescribed to exchange these notes.&nbsp;When these notes were&nbsp;presented for exchange after the specified period the notes were inscribed with a rubber stamp that reads&nbsp;&quot;Payment refused under orders of the Central Government&quot;.&nbsp;

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