In today’s video, we will see how the first currency note was introduced in India?
Where was the printing of these currency notes?
Then how did the arrival of Reserve Bank of India come and what kind of initial notes did they print? See the complete history of Indian currency notes from the beginning to the present day.
When the European companies came to India for business, they established a private bank here for their convenience. And then paper currency started replacing silver and gold currency. And India’s first paper currency was issued by the Bank of Hindostan of Calcutta in the year 1770.
In 1861, the then British Government enacted the Paper Currency Act 1861. then they started releasing his paper currency under the Queen Victoria Portrait Series. These paper currency were of 10, 20, 50, 100 and 1000 rupees and there was a small picture of Queen Victoria on all these notes. In 1923, a picture of King George 5 was also printed on the Indian paper currency of the British Government.
In 1928, before India’s first printing press was set up in Nashik, Maharashtra, all paper currency was printed from the Bank of England. But in the year 1935, the RBI(Reserve Bank of India) was established and in 1938 the British Government gave the Reserve Bank the authority to issue Government of India notes. They printed 10,000 rupee notes, which remained intact till independence. And the first currency note issued by RBI was a 5 rupee note.
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And watch this full video and know more about all Indian currency notes in Hindi,
