1949 Republic India ₹10 C.D. Deshmukh, 1st Issue (J&R 6.4.1.1 / Pick 37a Graded PMG 53

Rare 1949 Republic India ₹10 Banknote signed by C. D. Deshmukh, Governor of the Reserve Bank of India from 1943 to 1949. This is the First Issue of Republic India ₹10 currency, introduced in 1949, and is catalogued as Pick 37a / KJ & RR 6.4.1.1. The note features the early post-Independence Indian design, with the Ashoka Lion Capital watermark and the distinctive plain TEN RUPEES denomination design. The C. D. Deshmukh signature variety is especially sought after by collectors of early Republic India banknotes, Reserve Bank of India signatures, British India-to-Republic transition currency and Indian paper money.