Demonetised News on Notes of India

Ever since Notes of India worth rupees 500 and rupees 1000 have been demonetised, there has been a lot of confusion. The reason why the decision to suddenly withdraw these Currency Notes of India was taken is not very clear to many. The main reason behind this masterstroke is that a lot of counterfeit or fake notes have been circulating in the country since several years. Another reason as stated by Honourable Prime Minister of India Mr. Narendra Modi is that people have been hoarding crores of black money in their homes and offices. There have been reports that fake Notes of India are printed in Pakistan and smuggled into the country via Bangladesh. These fake notes currency Notes of India were being used majorly by terrorist organizations for various purposes.

 The sudden announcement came as a shock to many. Notes of India worth crores of rupees were turned into mere pieces of paper overnight. Yes, the common had to suffer a lot after these Nurrency Notes of India were banned. They had to stand in queues for several hours outside banks and ATMs to get their money exchanged or withdraw cash. But slowly and steadily the limits for withdrawing Currency Notes of India was raised within a few months.        

There are some recent reports that the latest 2000 notes of India have also been replicated. Some of it was seized from various locations across the country. Earlier cases had colour photocopied pieces, but later better counterfeits were confiscated. Citing that these issued would continue, the government has decided to upgrade security features of banknotes every three to four years.  Apart from that, there are other reports that new 200 rupees notes will also be introduced soon. There are some rumours that the latest 2000 rupees notes will be withdrawn again and new 1000 rupees notes will be released.

The Evolution of Currency Notes In India

Indian notes have evolved over the years. Both in terms of designs and sizes, Currency Notes In India can take you through a beautiful journey. From east India company notes to the latest 2000 rupees notes when you sit down and study various Indian notes that have been issued over the centuries, you will open yourself up to the rich history of India. Before the colonization of India, currency notes were not issued by kings and emperors in the medieval era. You will not find currency notes in India that were issued by the Mughals or the Marathas. After trade started flourishing in the 18^th century, India was slowly colonised by the East India Company and other European countries. For administrative purposes three different presidencies were formed – Bengal Presidency, Bombay Presidency and Madras Presidency. Indian notes were issued by each of these three presidencies. 

Apart from England, India was also under the Dutch, French and the Portuguese rule. Some really beautiful currency notes in India were issued under these colonial powers as well. Did you know that many uniface Indian notes were also issued back then? “Uniface notes” means that there was a design only on one side; the other side was basically left blank. 

Apart from the designs and sizes, another major aspect that has changed over the years is security features on currency notes in India. Counterfeiting has been prevalent since many years now. But with the advent of technology, forgeries have become easier as well. There is a constant need to increase security features on currency notes in India. The recent decision by Prime Minister Narendra Modi to demonetize 500 rupees and 1000 rupees Indian notes was not just to curb black money but also to tab counterfeiting activities that has been funding terrorist organizations as well. Form uniface colonial Indian notes to the latest violet coloured 2000 rupee note, currency notes in India have many exciting stories to narrate.

How My Hobby Of Collecting Indian Notes Made Me Stress Free!

There are many interesting things to do in life which takes you out of your mundane and boring routine. What is the point in spending all your life doing something that does not make you happy? Amidst all the stress around you, there are moments when you want to break free and indulge in something that makes you smile and stay relaxed. Hobbies are a good escape that reduces stress levels to a great extent. There are scientific studies that have proved that people who take their hobbies more seriously are have lesser stress levels. Stress is one of the biggest causes of new age illnesses like hypertension, blood pressure, obesity, etc. Some like to play an instrument and others like to read books. There are many other kinds of interesting hobbies that people around the world are into. One such hobby is collecting banknotes. I know of some collectors who are passionate about collecting Indian Notes. What I like about them is that they are so enthusiastic about everything they do. I had never imagined that I would meet people who are so keen about collecting currency notes of India. 

I was cleaning my bike under my building when I saw a group of middle-aged men discussing something very important. When I went ahead to take a closer look, I found them holding their collections of Indian notes. I felt a bit awkward at first but slowly I was sucked into their conversations. I introduced myself and they did the same as well. They said that they have been collecting currency notes of India since 7 years now. I asked them how they go about doing all this. They said that they are not doing it full time, but they meet at least once in two weeks and discuss about whatever Indian notes they found or collected over the fortnight. When I first looked at their collection of currency notes of India, I was not very impressed. Then they asked me to take a closer look at the serial numbers. I noticed that these numbers had a particular pattern. When they explained more about the Indian notes that they collected, I was even more surprised.  

From that day onwards, I became a new comer to the field of collecting Indian notes. There has been no looking back ever since then! I am happier today; I have something to fall back to in times of stress, all thanks to that one meeting!

What makes Collectors fall in love with Indian Notes?

Money is what rules the world. If there was no money how would civilizations evolve? This power of money is what makes many collectors fall in love with currency notes. I have some friends who are into collecting Indian Notes. I always wondered what makes them want to pursue such a unique hobby. The most common hobbies that you would hear about is listening to music, playing a sport maybe. But this unusual hobby of collecting currency notes in India made me curious. 

Finally I went up to them and asked them why they are collecting Indian stamps. One of them answered saying that he loved history and by collecting Indian notes, he kind of stays connected with his field of interest. Thesn I questioned him further to find out what kind of Indian notes he likes to collect. He told me that he keeps looking out for currency notes in India that were issued when our country was colonised by the Portuguese, French and the British. I got a change to look at his amazing collection of Indian notes and was spell bound literally. I suddenly realised why he likes his hobby so much. I gazed at those lovely currency notes in India for almost an hour. Each note had a story to say. For the first time in my life I saw one-sided Indian notes. They had designs and inscriptions only on one side. 

Then I went up to another collector, he was different from my earlier friend. He liked collecting currency notes in India with fancy numbers on the serial number. For example, all ones or all twos. He had a certain terminology for each of these notes. The Indian notes he had with a serial number having the same digit were called super solid notes.

On that day I discovered that it is not really strange for someone to fall in love with the hobby of collecting banknotes!

Fancy numbers play a vital role when it comes to collecting Indian Notes

The term given to the study of banknotes is Notaphity. And when you have to study banknotes you would invariably have to collect them. So what are the facts and features about banknotes that excite and lure a collector? Well, that’s a very relative question and it completely depends on the interest of the collector. I have been collecting Indian notes since five years now and I have completely got hooked on to it. Initially all I was interested in collecting was fancy numbered Indian Notes. 

I started with currency notes in India whose serial number ended with the digits 786. The number has a lot of significance for Muslims and it is considered to be a lucky as well. I accidently found a 10 rupee Indian note first with the serial number ending with this lucky number. I did not pay much attention to it. I was at the supermarket and was about to give it away to the owner, when he held it and looked at it for some time. He first thanked me. I wondered why he did that. After questioning him, I realised the importance of these notes. After several requests, I exchanged the note with another one and I kept the lucky 10 rupee Indian note with me. I don’t really know how lucky it was for me, but I surely fell for the idea of collecting more currency notes in India featuring 786 in the serial number. I started checking online for these notes and then found out that collecting Indian notes is a popular hobby that many pursue. I joined a few communities and interacted with several other collectors like me. This way, I started growing my collection of Indian notes slowly.

After I collected quite a few 786 notes, I moved on to sold numbers and super solid numbers. Unlike coins and stamps, serial numbers and fancy numbers play a vital role when you are a collector of banknotes. I slowly learned that there are many who are ready to pay thousands of rupees just for owning special currency notes in India featuring interesting serial numbers!