Currency history of india.

 After independence, new designs were added to replace the portrait of George VI. The government persisted issuing the Re1 word, even as the Reserve Bank of India (RBI) issued different denominations (together with the 5,000 and 10,000 notes delivered in 1949). All pre-independence banknotes had been officially demonetised with impact from 28 April 1957.

During the 1970s, ₹20 and ₹50 notes were brought; denominations higher than ₹one hundred have been demonetised in 1978. In 1987, the ₹500 observe was added, accompanied by way of the ₹1,000 be aware in 2000 even as ₹1 and ₹2 notes had been discontinued in 1995.

10 Rupees banknote from the 1990s

The design of banknotes is permitted by the imperative authorities, on the recommendation of the significant board of the Reserve Bank of India. Currency notes are published at the Currency Note Press in Nashik, the Bank Note Press in Dewas, the Bharatiya Reserve Bank Note Mudran (P) Ltd at Salboni and Mysore and at the Watermark Paper Manufacturing Mill in Hoshangabad. The Mahatma Gandhi Series of banknotes are issued with the aid of the Reserve Bank of India as legal gentle. The collection is so named due to the fact the obverse of every note functions a portrait of Mahatma Gandhi. Since its introduction in 1996, this collection has replaced all issued banknotes of the Lion Capital Series. The RBI introduced the collection in 1996 with ₹10 and ₹500 banknotes. The printing of ₹5 notes (which had stopped in advance) resumed in 2009.

As of January 2012, the new '₹' signal has been integrated into banknotes of the Mahatma Gandhi Series in denominations of ₹10, ₹20, ₹50, ₹100, ₹500 and ₹1,000. In January 2014 RBI introduced that it'd be withdrawing from stream all forex notes published previous to 2005 by using 31 March 2014. The deadline turned into later extended to 1 January 2015. The dead line changed into in addition prolonged to 30 June 2016.