The history of Indian bank notes is quite fascinating! Right from the earliest issues what were circulated by private and semi-government banks till the latest colorful ones, there is a lot to learn by studying the evolution of Indian currency. You will be surprised to know that Old bank notes of India were issued for specific regions called circle of issue in the colonial period. After the East India Company started growing in power, they started circulating interesting varieties of banknotes through three major presidencies namely, Madras Presidency, Bombay Presidency and Bengal Presidency. Understand Basic Categories: Early bank notes issued for Bengal presidency featured designs only on one side. These unique issues were termed as unifaced notes. With time, it became easier to duplicate these notes, due to which, many illegal counterfeits were being circulated. To put an end to this alarming issue, more complex designs were introduced. Uniface issues were also discontinued and Bank notes of India featured designs on both the reverse as well as obverse side now. Indian presidency banknotes also depicted signatures of the Governor of the presidency at the time of issuance. The language panels of these early banknotes of India contained languages such as Hindi, Urdu, Bengali, Kannada, Tamil etc, depending upon the circle of issue. This was because common people who used these notes for day-to-day transactions could not comprehend English. Study Designs: When you study the designs of old currency bank notes you will also discover interesting facts about the personalities and historical monuments depicted on them. In this way, you will slowly increase your general knowledge up to some extent. As a researcher you should keep researching about old Indian bank notes and their numerous varieties, if you really want to put together an impressive collection. Take Care Of Your Collection: You should also invest in the right kind of storage accessories so that you can maintain the condition of rare bank notes for a long period of time. These accessories ensure that your notes are safe from any kind of moisture or dust. If you want to make money by collecting early bank notes then it’s extremely crucial to maintain their condition so that you can sell them off for a higher amount when their market value starts appreciating. So, follow these basic tips and start looking for unique varieties of Indian banknotes right away!
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AuthorPassionate collector of coins, banknotes & stamps who loves researching about ancient, medieval & modern Indian history! Archives
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