One Hundred Rupees of 1938 C D Deshmukh Signed Calcutta Circle Note

The 1938 One Hundred Rupees banknote issued under British India features the portrait of King George VI and belongs to the Calcutta Circle issue. Signed by Sir C. D. Deshmukh, this note represents an important transition period in India’s monetary history before independence. Deshmukh later became the first Indian Governor of the Reserve Bank of India, adding historical importance to notes bearing his signature.

This high-denomination note showcases classic colonial-era design elements, including intricate patterns, serial numbering, and a profile head watermark. Notes from this series are highly collectible due to their limited survival rate and historical significance. The Calcutta Circle issues are especially sought after by collectors for their rarity and connection to early Indian banking heritage.