Look at a 10-rupee note. What is written on top? Can you explain this statement?

If we take a look at a 10-rupee note, then we would find the following words written on it:

RESERVE BANK OF INDIA

Guaranteed by the Central Government

I promise to

Pay the bearer

The sum of

Ten Rupees

Signature of the Governor of the Reserve Bank of India.

Explanation: After looking at a 10 rupee note we notice that there is mentioned on the very top the “Reserve Bank of India” which is followed by a statement “Guaranteed by the Central Government”. All the written things show that it is a promissory note which cannot be issued by anyone but the Reserve bank of India which surprises all money-related functions in the formal sector of India. This statement which is mentioned on the note of ten rupee connects to this idea that the RBI is the central organ in the working of money related issues.