Interesting Facts about Indian Currency

Interesting Facts about Indian Currency

Interesting Facts about Indian Currency

Every country has its own currency. In the same way, India also has a trend that is called Indian rupiah. There is a lot of information about Indian rupees like Languages on Indian Currency etc which many people do not know. Interesting Facts about Indian Currency has given similar interesting and important information to the Indian Rupee.

Some interesting and important information about Indian Rupee – Interesting Facts about Indian Currency
  • Paper notes were first issued in the 18th Century. Bank of Hindustan, General Bank of Bengal and Bengal Bank issued the paper notes for the first time.
Indian Currency
Image Source: i2.wp.com
  • The Government of India for the first time issued bank notes with Victoria Portrait Series. But for some reason, keeping the security in mind, the notes of these series had been stopped in the middle and in the year 1867 the underprint series was released.
  • If you have a 51% torn note, you can replace this note with a new note in the bank is also Interesting Facts about Indian Currency.
  • In our country, right to print one rupee Note has to only Government of India the notes of a rupee and the signature of the Finance Secretary will keep. The Reserve Bank of India has the right to print all other notes except one rupee.
RBI
Image source: Reserve Bank of India- rbi.org.in

About Note & Print

Almost everyone understands that the notes are of paper but in reality, this is not correct. The note will make of a mixture of cotton and cotton rug, which is why the notes do not go wrong.

A total of 17 Languages on Indian Currency are displayed on the banknotes in which 15 Languages on Indian Currency are displayed in the Languages on Indian Currency of the note panel and Hindi is mainly seen in the middle of the note and the English language is seen in the back of the note.

After independence, the coins were made of copper, followed by aluminum in 1964 and stainless steel started in 1988. The serial number has put on notes so that the Reserve Bank knows how much currency has currently in the market. According to RBI, India prints 2,000 crores currency notes every year.

Independence day

Note Symbols & Representations

Those who are blind should not face any problem in recognizing the notes. For this, there is a small print above a different kind of surface in the direction of the left bank note, due to which it quickly comes to understand the Note value i.e how many bucks. On a note of 1000 rupees, diamond, the circular symbol on the 500 note, a triangle on a note of 100 rupees, a checkpoint on a 50 rupee note, and a sign of rectangle on a note of 20 rupees can find. But there is no sign of any kind on the 10 rupee note.

You have ever noticed that on the note there are different types of signs appearing in the year. All the symbols show that they have taken from the said.

For the sake of safety reasons, you will not find the IJO X Y Z letter in the serial number of the note.

The banknotes issued no called notes of Mahatma Gandhi series. Banknotes of Mahatma Gandhi Series were first released in 1996.

Languages on Indian Currency
Image Source: loginextsolutions.com

History of 10,000 Notes

The RBI issued the largest 10,000 rupees note for the first time in 1938 and again in 1954. But these big notes banned in 1946 and 1978.

The Central Government issues all those notes which asked to make gene notes by the Reserve Bank of India and then include notes of Rs 5,000 and Rs 10,000. But in the RBA Act 1934, a new law has enacted that no note above 10,000 could issue.

The Reserve Bank of India was formally established in the year 1935 and it was given the right to issue all notes of the Government of India. For the first time, the RBI had issued a five-rupee note with a six-star King George Portrait.

In history, the RBI issued the biggest note of Rs. 10,000, Notes of Rs 1000. Rs 10,000 rupees used during 1938 and 1946 but later they banned.

When the country got freedom, then the rupee has counted as coming. At that time, 16 Anas had made as 1 rupee. One arrival has also counted as 4 paise and 12 paise. Now the rupee has counted as money and after making 100 paise, 1 rupee has made. The decline of Indian Rupee has done in 1947. In this, we started counting the Indian rupee in 100 ‘new money’. But in 1964 the term ‘new’ had stopped.

History of 10,000 Notes
Image Source: iktechinfo.files.wordpress.com

1 Rupee Note:

After getting the independence, notes of one rupee had issued for the first time.

But in 1954, the notes of Rs 1,000, 5,000 and 10,000 had re-treated. But later in 1978, they have banned.

For the first time in 2010, coins of 75 rupees, 100 rupees, and 1000 rupees have made, but all the coins have made as commemorative coins. They made because that year was 75 years of the Reserve Bank of India, along with the 100 years of Rabindranath Tagore and the Brihvadhevar Temple had a total of 1000.

In 2010 the Indian Rupee symbol  “” was given &  All the credit for making this symbol goes to D. Uday Kumar. This symbol has made from Devanagari character ” र “. The Latin alphabet “R” and Devanagari characters ” र ” used to make this symbol, and then the Indian Rupee could get this sign. The parallel line shown in this icon works to show the Indian tricolor. Under Coinage Act 2011 coins up to Rs 1000 can issue.

1 penny, 2 paise, 3 paise, 5 paise, 10 paise, 20 paise and 25 paise has completely closed on 30th June 2011.

Leave a Reply