Early banknotes of India and Their Types - PowerPoint PPT Presentation

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Early banknotes of India and Their Types

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Refer this insightful presentation if you want a quick overview about the three types of early banknotes of India. Follow these categories to build an impressive collection of old Indian banknotes. – PowerPoint PPT presentation

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Title: Early banknotes of India and Their Types


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Early banknotes of India and Their Types
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  • The very first Banknotes of India were issued by
    The Bank of Hindostan (1770-1832), the General
    Bank in Bengal and Bahar (1773-75) and the Bengal
    Bank (1784-91).
  • These early banknotes of India can be broadly
    classified based on the Presidencies for which
    they were issued namely, Bengal Presidency,
    Bombay Presidency and Madras Presidency.

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  • Old banknotes of India issued by Bank of Bengal
    featured designs only on one side and were termed
    as uniface notes. They were issued in
    denominations such as 1 mohur, 100 Rupees, 250
    rupees, 500 rupees etc.
  • Old currency bank notes from Bank of Bengal,
    known as Commerce notes featuring an allegorical
    figure of commerce were issued with designs on
    both sides.

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  • Bank of Bombay issued Indian presidency banknotes
    from 1850 to 1860. The quality of designs for
    these old banknotes of India was much better than
    other notes issued during this period.
  • Uniface notes featuring the Town Hall of Bombay
    was issued later by the Bank of Bombay.
    Promissory old Indian notes bearing denominations
    like 10, 15, 25, 100, 250, 1000, 5,000, 10,000
    rupees were issued for Bombay presidency.

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  • Bank of Madras was formed in 1843 by merging
    three banks namely, Carnatic Bank (Fort St.
    George, 1788), the Madras Bank (1795) and the
    Asiatic Bank (1804).
  • Rare banknotes of India issued by Bank of Madras
    featured a vignette of the then Governor of
    Madras - Sir Thomas Munroe. Considering all early
    banknotes, Bank of Madras issued the least.

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  • If you want to build a collection of Old
    Banknotes of India, then try having one note from
    each of these three categories.
  • Your work doesnt end there! Once you collect
    these wonderful Banknotes of India, start
    researching about them to enhance your knowledge.
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