Indian currency by RBI: RBI has printed such a note for the first time, know whose picture is printed

Indian currency by RBI: Hello friends, if you are not aware, then let us tell you that only the Reserve Bank of the country has the right to issue colorful Indian currency. Only the notes issued by the RBI Bank are considered valid throughout the country. As we know, many changes have been made to the color and design of the Indian currency in the last few years. As we know, cash transactions have been going on in India for a long time.

But now, in the era of modern technology, people are moving towards digital payments. But so far, there are many citizens in our country who prefer to transact only in cash.

In today’s time, we transact with many notes every day. But do you know how many rupee notes were first printed by the Reserve Bank of India in our country. In today’s article, we will tell you. Currently, 2000, 50, 200,100, 50, 20, 10, 5, 2 and 1 rupee notes are in circulation in our country. The 1000 note was banned in the demonetization that was done in 2016.

Know the rules of printing notes

Let us tell you that the Reserve Bank of India has been printing currency under the “Minimum Reserve System” since the year 1956 to print currency notes. And according to this rule, a minimum reserve of 200 crore rupees has to be kept against currency note printing. And only after keeping this advance payment, the Reserve Bank can print currency notes.

How much was the first note made of?

The Reserve Bank of India was established on April 1, 1935. That is, the foundation of the Reserve Bank was laid before the independence of our country. In 1938, the RBI first issued a currency note of Rs 5.

And on this five-rupee note, the photo of “King George VI” was printed. That is, the first currency was issued by the Reserve Bank 9 years before the independence of our country. After that, a 10-rupee note, a 100-rupee note and a ₹1,000 currency note were issued in March and June.

The first Indian currency after independence

In 1949, the Reserve Bank of India issued the first currency note of Rs 1 in India after independence. Before that, i.e. before independence, till 1947, the photo of British King George was placed on the currency note issued by the Reserve Bank of India.

In 1969, the photo of Gandhiji was placed on the 100-rupee note as a souvenir by the Reserve Bank. The name of our Indian currency is Indian Rupee (INR). One Indian Rupee is made up of 100 Paisa. The symbol of our Indian currency i.e. Indian Rupee is “₹”. And this design is taken from the Devanagari letter “र”.