Why Is I Promise To Pay The Bearer… Written On Indian Banknotes? RBIs Promissory Clause Explained
New Delhi: Every banknote issued by the Reserve Bank of India –Rs 2, Rs 5, Rs 10, Rs 20, Rs 50, Rs 100, Rs 200, Rs 500, and Rs 2000 –unless they are withdrawn from circulation, are legal tender at any place in India. But have you noticed that every Indian currency is backed by…