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British India, 1938,&nbsp;King George VI, 1000 Rupees,&nbsp;Bombay&nbsp;Circle, Signed by&nbsp;J.B. Taylor, two seals on the obverse and one&nbsp;seal on the reverse in black ink reads "PAYMENT REFUSED UNDER ORDERS OF THE CENTRAL GOVERNMENT", A Prefix, S. No, A7 360679, (KJ &amp; RR # 4.8.1B), bank seals at reverse,&nbsp;holes, folds, rust, annotations, internal tears, graded by PMG 20, Extremely Rare.

Note:&nbsp;It is interesting to observe payment refused seals on this banknote.&nbsp;The high value&nbsp;notes of Rupees 500, 1000 &amp; 10000 in circulation including Uniface notes were&nbsp;demonetised in January 1946.&nbsp; A&nbsp;specified&nbsp; time and method &nbsp;was prescribed to exchange these notes.&nbsp;When these notes were&nbsp;presented for exchange after the specified period the notes were inscribed with a rubber stamp which reads&nbsp;"Payment refused under orders of the Central Government".&nbsp;

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