Uni-face Notes of Government of India (1877- 1922)

Top Ten Rare Banknotes of India

By Nilaish "Paper money is fragile and when used a lot, loses it's life but collecting them is even a great challenge!" It is known from various catalouges [1] and [2] that, Indian paper money originated in 19th Century from Bengal Presidency. Bank of Hindostan and Bank of Bengal were the earliest banks in the presidency who issued paper money. The earliest year of issue of Bank of Bengal is 1812. However, notes were issued since 1770 but there is no evidence to support these claims. Indian paper money is divided into roughly four periods, a) East India Company Period (1800-1860), b) British Government of India Issues (1861-1936), c) Reserve Bank of India British Issues (1937-1947) and d) Republic India RBI Issues (1949- ). In the following list, I will pick up some of my personal favourites which are exceedingly rare currency notes of India. The price is not the guiding factor solely for this ranking. One may reshuffle and consider them ... as you wish....funn...

British India One Rupee Notes

by Nilaish (Life Member of IBNS-IBCC) "One Rupee Notes: A legal tender for silver rupee coins to nickel rupee coins, in 1947 all silver content was gone from the rupee." 1917 First issue: One rupee notes were first issued on 30th November 1917 representing 1917 one rupee silver coin. These notes were issued roughly in two types based on the following facts. Type 1: The notes were issued in booklet of 25 notes with each note appearing as cheque leaf having perforations on the left. These notes were printed in England. Signed by A.C. Mc Watters. These booklets appeared like modern day cheque-books [see below]. 1917 One Rupee booklet with 25 notes signed by A.C. McWatters Image Courtesy: Rezwan Razack Prefixes issued in booklets were, Y and Z only. Sometimes inside cover, advertisements were printed. The obverse of the note has serial numbers diagonally left to right. ONE RUPEE in bold in the centre. On the left top we see obverse of rupee c...

500 Rupees banknotes signed by Duvvuri Subbarao in 2014

Nilaish Life Member - IBNS-IBCC "There are few notes denominated 500 Rupees are issued by RBI in 2014 which are signed by D. Subbarao, is a very interesting observation. However, it is said by RBI that process of changing signatures on notes of the new Governor is a tedious process." The Hindustan Times correspondent reported that ( HT: 4 March 2014 ), "Take Note: RBI goofs up, as invalid notes in circulation".. It is found that some 500 Rupees notes of 2014 carry signature of D. Subbarao, who was previous Governor of RBI in 2013. New Governor, Raghuram Rajan joined the office in the same year. I came across an example and thus, collected it. It is presently sold in collector's market for Rs. 750-1000. An example can be seen below from my collection: 2014: 500 Rupees, signed by Duvvuri Subbarao having serial number 3KN 417376 with inset E. The HT correspondent reported that, "In an embarrassing goof-up, the Reserve Bank of India (RBI) h...

Nilaish Banknotes World

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