Back to collection

2 rupees 1975

Asia › India
P-79a1975Reserve Bank of IndiaUNC
2 rupees 1975 from India, P-79a (1975) — image 1
2 rupees 1975 from India, P-79a (1975) — image 2

Market Prices

3 sales
Catalogue (2019)
VF$0.75
UNC$3
PMG 66$12.732021-03-28(2 bids)
PMG 65$11.992019-06-29(1 bid)
PMG 64$11.52018-12-30(2 bids)

About This Note

This is a 1975-issued 2 Rupees banknote from the Reserve Bank of India in Uncirculated condition, presenting excellent examples of India's space-age iconography during the post-independence era. The note features vibrant multicolored printing with prominent security design elements including the Lion Capital of Ashoka on the obverse and a stylized Aryabhata satellite illustration on the reverse, both rendered in crisp, sharp detail with no visible circulation wear. The ornate decorative borders in red, green, and cream tones, combined with bilingual inscriptions in English and Devanagari script, exemplify the high-quality security printing standards of RBI notes from this period.

Rarity

Common. This is a regular-issue 2 Rupees note from a lengthy circulation period (1975-1996 per catalog data) with substantial print runs typical of a low-denomination workhorse note. eBay market data showing UNC examples trading in the $3-$12.73 range confirms widespread availability in the secondary market. The note is neither scarce nor particularly collectible beyond general interest in Indian currency of this era.

Historical Context

Issued during India's post-independence consolidation period, this 2 Rupees note celebrates the nation's scientific and cultural achievements through its carefully selected imagery. The Lion Capital of Ashoka—derived from the ancient Mauryan Empire's symbol of governance—anchors the obverse design, while the reverse's depiction of the Aryabhata satellite honors India's emergence as a space-faring nation, reflecting the country's investment in modern scientific advancement during the mid-1970s. Together, these symbols present a narrative of India as an heir to ancient civilization and a participant in the contemporary technological revolution.

Design

The obverse features the Lion Capital of Ashoka (Ashoka Chakra seal) prominently displayed in the top right corner with an associated national emblem, serving as both a security device and patriotic symbol. The oval white space in the center-left represents the watermark security feature rather than a portrait area, as this note type does not feature individual portraiture. The reverse displays a stylized illustration of the Aryabhata satellite in the central blue section, rendered in purple/dark red outline, commemorating India's first satellite launched in 1975. Both sides employ intricate geometric and floral decorative borders in alternating red/maroon and green bands on a cream/beige background, creating visual complexity intended to deter counterfeiting.

Inscriptions

FRONT: 'भारतीय रिज़र्व बैंक' (Reserve Bank of India in Hindi/Devanagari) and 'Reserve Bank of India' (English); 'GUARANTEED BY THE CENTRAL GOVERNMENT' (English); 'PROMISE TO PAY THE BEARER OF TWO RUPEES' (English); 'होरापय' (Two Rupees in Devanagari); 'GOVERNOR' (English); Serial number '11A 021056'. BACK: 'भारतीय रिज़र्व बैंक' (Reserve Bank of India in Hindi/Devanagari); 'नारायण' (Devanagari text, likely 'Narayanan' or related denomination text); 'TWO RUPEES' (English); Multiple denominations '2' in ornamental frames.

Printing Technique

This note employs offset lithography with multiple color separations, a standard security printing technique for RBI banknotes of this era. The multicolored design with precise registration of red, green, blue, cream, and white inks demonstrates the high-quality work typical of India's security printers during the 1970s. The intricate decorative patterns and ornamental frames serve as integral anti-counterfeiting elements, printed with sharp definition characteristic of advanced offset printing technology of the period.

Varieties

This example is identified as Pick 79a, the 1975-dated variant with the Lion Capital of Ashoka design and Aryabhata satellite reverse. The serial number prefix '11A' with the numbering '021056' indicates a specific production batch. Known varieties for this Pick number include different signature combinations of RBI Governors and subtle design variations between early and later printings within the 1975-1996 issuance period, though such distinctions are typically of minor collector interest given the note's commonality.