Old currency bank notes of the denomination 1 rupee was issued in 1949 by the Government of India. These old notes were supposed to feature a portrait of Mahatma Gandhi, but the Lion Capital design was chosen at the last moment. Rs 1,000, Rs. 5,000, Rs. 10,000 banknotes were introduced again in 1954. Explore more interesting facts about old republic India notes and their history in detail at Mintage World.