Possibly this was a princly amount in my father days. But today this Indian rupee is battered badly. So badly, that most people refuse to accept this notes as legal tender.
When I recently got a 1 rupee note as change from mandya, I was escatic and showed everybody this currency at home since its so cute and you cant find them in Bangalore. Mother said – good but whats the use nobody will accept it here – why did you take it? This was news to me!
The petrol bunk vendor refused to take it saying “yaro thagollala sarrrr…”.
Now according to RBI reports, this is still legal tender and refusal to accept this is punishable under law upto 6 months simple imprisonment. But who is listening?