10 THINGS YOU MAY NOT KNOW ABOUT INDIAN CURRENCY
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Indian currency notes have a very long history, starting from the time of the Britishers
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According to RBI, printing of Indian currency notes began with the Paper Currency Act of 1861
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The first set of British India notes were the 'Victoria Portrait' Series issued in denominations of 10, 20, 50, 100, 1000
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The security features included watermark, the printed signature and registration of the notes
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The Victoria Portrait series was replaced by the unifaced 'Underprint Series' which were introduced in 1867
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From an earlier rule allowing exchange within a currency circle, notes were 'universalised' between 1903 and 1911
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Rupee One was introduced on November, 30 1917, followed by the exotic Rupees Two and Annas Eight
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This series remained largely unchanged till the introduction of the 'King's Portrait' series which commenced in 1923
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The currency in the 'King's Portrait' series were introduced in May, 1923 with portrait of George V on a 10 Rupee Note
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Government of India continued to issue currency notes till 1935 when RBI took over the function
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The central bank issued currency in the denominations of Rs 5, 10, 50, 100, 500, 1000, 10,000
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The George VI series continued till 1947 and thereafter as a frozen series till 1950 when post independence notes were issued
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