Journey of Old Notes of India through Interesting Examples

The journey of Indian notes has been very fascinating right from early banknotes of India to republic of India notes. When you study and analyse this journey, you would be surprised to discover several unknown aspects about Indian currency, history and economics. Let us Understand the History of Indian Notes today by looking at certain interesting examples.

Early Banknotes of India

Bank of Bengal, Bank of Bombay and Bank of Madras issued early banknotes of India for Bengal presidency, Bombay presidency and Madras Presidency respectively.

These 10 rupees rare notes of India issued by Bank of Bengal featured a personified 'Commerce' sitting on articles of merchandise. The obverse featured the text 'Bank of Bengal' in Bangla, Persian and Hindi in a vertical ornate panel. Other inscriptions include the manuscript's serial number, manuscript date, promise text with denomination; 'Entered by' manuscript signature; denomination panel and the denomination in words.  The reverse featured the text 'Bengal Bank'; printer's name and type of plate used for printing while the watermark depicted the Ashokan Pillar.

British India Notes

British India notes can be further classified as portrait note of Queen Victoria, Uniface notes of Government of India, King George V issues and King George VI issues.

This uniface 10 rupees note of Queen Victoria was issued for the Calcutta circle on 9th May 1862. The obverse featured a portrait of Queen Victoria. Other inscriptions include the texts 'Government of India'; Serial numbers with prefix, the promise text; Denomination in words in Bangla and Persian; mirrored dates; Denomination in numerals in Persian and Bangla; 'For The Government Of India; Denomination panel in numerals and words. The name of Sub-Circle is overprinted. The signature on these old notes of India was hand stamped at the time of issue. The watermark featured the text GOVERNMENT OF INDIA, denomination in words and numerals, signature of the finance member of legislative Council - Sir james Wilson, the signature of the Governor General Lord Canning and wavy lines in central promise text panel.

So far, we have only looked at two examples from two different categories of Indian Banknotes. Apart from these types, there are princely state issues, colonial notes of India and the Republic India notes as well. Keep upgrading your knowledge as and when you keep adding new banknotes of India to your collection.