Old notes of India – Categories and Tips All at One Go

If you’ve just started collecting old notes of India then you’ll have to do some research that will help you build a better collection. For that, you will first have to understand the various categories of Indian banknotes. Currency notes of India can be broadly classified as Early bank Notes, British India issues, banknotes issued by Princely State, Colonial issues and notes issued by Republic of India.

Early banknotes can be further classified based on three presidencies that were created by the East India Company for the sake of better administration. Each presidency, namely Bengal, Bombay and Madras issued notes of their own which were circulated only within a particular region.

British India notes can be further differentiated based on the rulers under which the notes were issued. Firstly, came the Portrait Note of Queen Victoria, then Uniface Notes were issued by Government of India, then the notes were produced depicting King George V and finally notes depicting King George VI were issued.

Osmania notes of Hyderabad were the only rare notes of India that were issued by a Princely state.
Then we had other colonial issues apart from those released by British India. These beautiful notes of India include the Indo-French issues and Indo-Portuguese issues.

Finally, we have the currency notes in India that were released after independence. They can be split into four categories namely Government of India notes, Reserve Bank of India notes, Persian Gulf issues and Haj Pilgrim issues.

Apart from these categories, there are collectors who are only interested in special serial numbers. These serial numbers could be read as birth dates or could have repeated digits. Some numbers are considered to be lucky as well.

Last but not the least, no matter which kind of banknotes you are interested in collecting, condition is of utmost importance. Even a small fold or tear can ruin the market value of rare Indian banknotes. Always store your precious collectibles safely in banknote albums or pouches so that they don’t get folded or torn. So now that you are aware about the various categories of Indian Notes, you can look forward towards building a unique and interesting collection!