Indian 1-rupee note

{{Short description|Smallest value Indian banknote}}

{{Use dmy dates|date=March 2018}}

{{Use Indian English|date=March 2018}}

{{Infobox banknote

| denomination = One Rupee

| country = India

| value = {{Indian Rupee}}1

| unit =

| width_mm = 97

| height_mm = 63 mm

| weight_g = 90 GSM

| security_features = Watermark

| paper_type = 100% (Cotton) Rag Content

| years_of_printing = 1917–1926
1940–1995
2015–

| nature_of_rarity =

| estimated_value =

| obverse = File:India 1 R 2015, obverse.jpg

| obverse_design = One-rupee coin

| obverse_designer =

| obverse_design_date =

| reverse = File:India 1 R 2015, reverse.jpg

| reverse_design = Sagar Samrat oil rig

| reverse_designer =

| reverse_design_date =

}}

The Indian 1-rupee note (₹1) is made up of hundred 100 paise as ₹1 = 100 paise. Currently, it is the smallest Indian banknote in circulation and the only one being issued by the Government of India, as all other banknotes in circulation are issued by the Reserve Bank of India. As a result, the one rupee note is the only note bearing the signature of the Finance Secretary and not the Governor of the RBI.{{cite web|title=Issue of Re. 1 denomination currency notes with Rupee symbol (₹) and the inset letter 'L'|url=https://rbi.org.in/Scripts/BS_PressReleaseDisplay.aspx?prid=40602|publisher=RBI|accessdate=6 January 2018}} Predominantly pinkish green paper is used during printing.

First introduced on 30 November 1917 during British rule, the ₹1 note was initially used to conserve metal during World War I. Its production was discontinued in 1926{{cite web |date=28 November 2016 |title=History of Indian currency: How the rupee changed |url=https://economictimes.indiatimes.com/wealth/save/history-of-indian-currency-how-the-rupee-changed/articleshow/55635259.cms |accessdate=22 May 2023 |website=The Economic Times}} but resumed in 1940, continuing through post-independence India until 1994, when printing was halted again due to cost concerns. After a hiatus of more than 20 years, the Government of India reintroduced the one-rupee note on 5 March 2015, with the first release occurring at the Shrinathji Temple in Rajasthan. The reintroduced note bore the signature of then-Finance Secretary Rajiv Mehrishi.{{Cite news |date=2015-03-09 |title=Rupee 1 note released from Shrinathji temple |url=https://economictimes.indiatimes.com/news/economy/finance/rupee-1-note-released-from-shrinathji-temple/articleshow/46506397.cms |access-date=2025-04-10 |work=The Economic Times |issn=0013-0389 |quote=After a gap of over 20 years, Re 1 note has been released in the country and it bears the signature of Finance Secretary Rajiv Mehrishi.}} Further confirmation of its reissuance came in the form of a notification published in The Gazette of India on 7 February 2020.{{cite web |title=Issue of ₹ 1 denomination currency notes with Rupee symbol (₹) and the inset letter ‘L’ |url=https://www.rbi.org.in/commonperson/english/scripts/PressReleases.aspx?Id=1714 |website=Reserve Bank of India}}

The printing of the one-rupee note is handled by the Security Printing and Minting Corporation of India Ltd (SPMCIL) at its facilities in Nashik and Dewas, which are also responsible for other currency and security documents. Though the note visually references the ₹1 coin, actual minting of coins is carried out at mints located in Mumbai, Kolkata, Hyderabad, and Noida.G.S.R. 516(E).—In exercise of the powers conferred by clause (d) and clause (e) of sub-section (2) of section 24 of the Coinage Act, 2011 (11 of 2011), the Central Government hereby makes the following rules, namely:— 1. Short title and commencement.—(1) These rules may be called the Printing of One Rupee Currency Notes Rules, 2017. (2) They shall come into force from the date of their publication in the Official Gazette. 2. Printing.—The One Rupee Currency Notes shall be printed at the note printing presses for issue under the authority of the Government of India for circulation. 3. Dimensions and compositions of One Rupee Currency Note.—The One Rupee Currency Notes shall conform to the dimensions and composition as specified in the First Schedule. 4.  Design.—The design of One Rupee Currency Notes shall be as specified in the Second Schedule. 5. Standard weight and remedy allowed.—The standard paper weight and remedy (tolerance) allowed in printing of One Rupee Currency Notes shall be as specified in the Third Schedule.