Crucial Aspects about Early Indian Banknotes

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Crucial Aspects About Early Indian Banknotes
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• Indian Banknotes issued by the East India Company
  can be classified based on the three presidencies
  for which the notes were issued namely Bengal
  presidency, Bombay Presidency and Madras
  Presidency.
• Lets take a quick look at some interesting facts
  about these old Banknotes of India through this
  presentation.

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• Early banknotes issued by Bank of Bengal featured
  designs only on one side and they were called
  uniface notes. Commerce Notes featured a
  vignette of an allegorical female figure
  indicating 'commerce' and had designs on both
  sides.
• Three different languages were used to print name
  of bank and denomination namely, Urdu, Bangla and
  Devnagari. Notes from the Britannia series
  featured complex designs to reduce counterfeiting
  activities.

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• Old currency banknotes for Bombay Presidency were
  issued from 1850 to 1860. These notes were much
  better in terms of quality when compared to other
  banknotes issued during that time.
• Town Hall of Bombay or the Asiatic Society of
  Bombay featured on these early banknotes of
  India. Statues of Sir Mountstraut Elphinstone and
  Sir John Malcom were also featured on them.

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• The Bank of Madras was established in 1843 by
  merging Carnatic Bank, the Madras Bank and the
  Asiatic Bank.
• Out of all other Indian presidency banknotes,
  Bank of Madras had the smallest issue of early
  bank notes of India. They featured the vignette
  of the Governor of Madras - Sir Thomas Munroe.

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• Both private as well as semi-government banks
  issued early banknotes from the 18th century
  onwards. Bank of Hindostan, the General Bank in
  Bengal and Bahar and the Bengal Bank were the
  first banks to issue these rare notes of India.
• If you like collecting old and Rare Banknotes of
  India, then you must look for banknotes issued by
  the above-mentioned banks.