Which is the oldest note in India?

Which is the oldest note in India?

First note issued by the RBI was of ₹5. The Reserve Bank of India, which was established on April 1, 1935, issued its first note worth ₹5 in January 1938. The note had a portrait of King George VI.

When did currency notes start in India?

1938
The Reserve Bank of India started issuing Indian currency notes in 1938. They started printing 2 rupees, 5 rupees, 10 rupees, 50 rupees, 100 rupees, 1,000 rupees and 10,000 rupees notes.

How can I change old Indian currency notes?

If you have old currency notes in India, you may authorise in writing enabling another person in India to deposit the notes into your bank account. The person you authorise has to come to the bank branch with the old notes, the authority letter given by you and a valid identity proof.

What was the denomination of currency in India before 2005?

Currently the Reserve Bank of India prints currency notes in the denomination of Rs. 5, Rs. 10, Rs. 20, Rs. 50, Rs. 100, Rs. 500 and Rs. 1,000. All the notes printed before the year 2005 do not have the year of printing marked on them.

Can you exchange old Rs 500 notes in India?

Any exchange of more than ten pieces of old Rs. 500 or Rs. 1,000 notes after that date would require an identity proof and address to be shared with the bank if you are a non-customer of that bank. So far, in India, there has been no official declaration regarding the lifespan of a currency note.

Why did RBI withdraw all currency notes before 2005?

The Reserve Bank of India (RBI) has announced its plans to withdraw all currency notes issued before 2005. Financial experts believe that the move is largely aimed at removing fake or counterfeit currency embedded into the financial system as well help uncover the big black market currency in the country.

What’s the difference between old and new 100 rupee notes?

The old type of 100 Indian rupee banknote has no date on the back. The year of issue is printed on more recent 100 Indian rupee notes. Notes without the year of… This 50 rupees bill does not have the year of issue printed on the back side. Indian rupee notes without date on the back have been replaced by new notes. This