First Issue 500 Rs R N Malhotra Signature Note

This 500 Rupees H-1 banknote is the first issue in the Mahatma Gandhi series, bearing the signature of Reserve Bank Governor R.N. Malhotra. The obverse features Mahatma Gandhi’s portrait, the denomination in multiple scripts, and important security elements. The reverse highlights the iconic Dandi March scene, symbolizing India’s journey to independence. Highly sought after, this note is distinguished by its ‘H-1’ identifier and is a prized addition for collectors of rare Indian currency.