Currency notes of India from 18th Century to 2019 - PowerPoint PPT Presentation

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Currency notes of India from 18th Century to 2019


Discover the history behind currency notes of India and get an overview about the kind of Indian notes that have been issued since 18th century until now. Learn about the major events that took place in the reformation process of currency system in India over the years. – PowerPoint PPT presentation

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Title: Currency notes of India from 18th Century to 2019

Currency Notes of India From 18th Century to 2019

  • History of Indian notes dates back to the 18th
    century when private banks as well as
    semi-government banks like Bank of Hindostan
    (1770-1832), the General Bank in Bengal and Bahar
    (1773-75, the Bengal Bank (1784-91) etc. issued
    notes for three presidencies namely Bombay,
    Madras and Bengal.
  • Old notes of India issued for Bengal Presidency
    featured designs only on one side and are known
    as uniface notes. A personified figure of
    Commerce was featured on these notes later on and
    designs were printed on both sides of the note.

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  • Indian notes were issued directly by the British
    Government after the Currency Act of 1861 was
    tabled. These notes are called as British India
    notes and they featured a portrait of Queen
    Victoria on one side, while the other side was
    left blank initially.
  • Notes of India from the Underprint series were
    issued in 1867. 5, 10, 50 and 100 rupees were
    allowed to be used outside the circle of issue
    between 1903 and 1911.

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  • Only one princely state issued currency notes in
    India and that is Hyderabad. These notes featured
    intricate designs and Persian legends. They were
    issued in various denominations such as 5, 10,
    50, 100 and 1000 rupees.
  • Some of the rare notes of India issued by the
    three presidencies, British Government and
    Hyderabad princely states are in great demand and
    are auctioned for impressive amounts.

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  • Apart from Britain, other European powers such as
    Portuguese and France also issued currency notes
    in India. The Portuguese notes bore denominations
    such as Rupias, Tangas and Escudos while the
    French notes bore denominations such as Roupies.
  • After Independence, the Government of India
    issues 1 rupee notes while notes of other
    denominations are issued by the Reserve Bank of
    India. Extant notes were circulated from 1947 to
    1949 and the very first 1 Rupee notes of India
    were issued in the year 1949 by the Government.

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  • The latest Currency Notes of India that have been
    issued over the last three years feature
    historical places such as Red Fort on the new 500
    Rs note, Rani Ki Vav on the new 100 Rs note,
    Hampi Chariot on the new 50 rupees note and
    Sanchi Stupa on the new 10 rupees note.
  • You can learn a lot of fascinating aspects about
    Indias past through the study of Indian notes.
    Owning a piece of history is an achievement in
    itself and there is a need to promote the hobby
    of banknote collecting and notaphily among the
    youth today.
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