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Early banknotes of India and Their Types

Refer this insightful presentation if you want a quick overview about the three types of early banknotes of India. Follow these categories to build an impressive collection of old Indian banknotes. https://www.mintageworld.com/note/dynasty/32/

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Early banknotes of India and Their Types

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  1. Early banknotes of India and Their Types

  2. The very first Banknotes of India were issued by The Bank of Hindostan (1770-1832), the General Bank in Bengal and Bahar (1773-75) and the Bengal Bank (1784-91). • These early banknotes of India can be broadly classified based on the Presidencies for which they were issued namely, Bengal Presidency, Bombay Presidency and Madras Presidency.

  3. Old banknotes of India issued by Bank of Bengal featured designs only on one side and were termed as uniface notes. They were issued in denominations such as 1 mohur, 100 Rupees, 250 rupees, 500 rupees etc. • Old currency bank notes from Bank of Bengal, known as Commerce notes featuring an allegorical figure of commerce were issued with designs on both sides.

  4. Bank of Bombay issued Indian presidency banknotes from 1850 to 1860. The quality of designs for these old banknotes of India was much better than other notes issued during this period. • Uniface notes featuring the Town Hall of Bombay was issued later by the Bank of Bombay. Promissory old Indian notes bearing denominations like 10, 15, 25, 100, 250, 1000, 5,000, 10,000 rupees were issued for Bombay presidency.

  5. Bank of Madras was formed in 1843 by merging three banks namely, Carnatic Bank (Fort St. George, 1788), the Madras Bank (1795) and the Asiatic Bank (1804). • Rare banknotes of India issued by Bank of Madras featured a vignette of the then Governor of Madras - Sir Thomas Munroe. Considering all early banknotes, Bank of Madras issued the least.

  6. If you want to build a collection of Old Banknotes of India, then try having one note from each of these three categories. • Your work doesn’t end there! Once you collect these wonderful Banknotes of India, start researching about them to enhance your knowledge.

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