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Currency of India

The word ‘rupee’ has been derived from the Sanskrit word rupyakam, meaning a silver coin. It owes its origin to rupiya, issued by Sher Shah Suri in 1540-45. Today, the Reserve Bank of India issues currency under the RBI Act 1934. 

1770-1832
Earliest paper rupees issued by Bank of Hindostan (1770– 1832), General Bank of Bengal and Bihar (1773–75), and Bengal Bank (1784–91).

1 Apr 1935
Reserve Bank of India is set up.

Jan 1938
First note of Rs 5 issued by the Reserve Bank

Feb-Jun 1938
Rs 10, Rs 100, Rs 1,000 and Rs 10,000 issued



Aug 1940
Rs 1 note reintroduced. Rs 1 was first introduced on 30 Nov 1917, followed by Rs 2 and 8 annas, and was discontinued on 1 Jan 1926.

Mar 1943
Rs 2 introduced

1950
First post-Independence coins issued in 1 pice, 1.2, one and two annas, 1.4, 1.2 and Rs 1 denominations.


1953
Hindi was displayed prominently on the new notes, and plural of rupaya 1954 was decided to be rupiye.

1954
High denomination notes of Rs 1,000, Rs 5,000, and Rs 10,000 reintroduced.

1957
Rupee was decimalised and divided into 100 naye paise.

1957-67
Aluminium one-, two-, three-, five- and ten-paise coins introduced.


1967
Sizes of notes reduced due to the lean period of the early Sixties.

1980
New notes issued with symbols of science & tech (Aryabhatta on Rs 2 note), progress (oil rig on Rs 1 and farm mechanisation on Rs 5) and Indian art forms on Rs 20 and Rs 10 notes (Konark wheel, peacock).

Oct 1987
Rs 500 note introduced due to the growing economy and fall in purchasing power.


1988
Stainless steel coins of 10, 25 and 50 paise introduced.

1992
Rs 1 and Rs 5 coins in stainless steel introduced.

1996
The Mahatma Gandhi series of notes issued, starting with Rs 10 and Rs 500 notes. This series has replaced all notes of the Lion capital series. A changed watermark, windowed security thread, latent image and intaglio features for the visually handicapped were the new features.


2005-8
New 50 paise, Rs 1, Rs 2 and Rs 5 stainless steel coins introduced.

2009
The printing of Rs 5 notes (which had stopped earlier) resumed.

July 2010
New symbol ‘Rs ’ is officially adopted.

2011
25 paise coin and all paise coins below it demonetised. New series of 50 paise coins and Rs 1, Rs 2, Rs 5 and Rs 10 notes with the new rupee symbol introduced.

Click Here to download - Old  All Currency Notes of India