This entry is part of a series, INR» aper Currency Act provided Government of India the monopoly of issuing notes thus curbing the note issuance authority of Private and Presidency Banks[1]. Paper notes of values ranging from 10, 20, 50, 100 and 1000 were issued during British India period. Even at the primitive times of manufacturing these notes the manufacturer (Laverstock Paper Mills) issued it along with few prominent security features that include watermark, printed signatures and note registration[2]
In addition to above a rather peculiar practice was followed. British India Notes facilitated inter-spatial transfer of funds. As a security precaution, notes were cut in half. One set was sent by post. On confirmation of receipt, the other half was dispatched by post! Talk about extreme measures!!
Continue reading ‘INR – 2’
1. 861 Paper Currency Act provided Government of India the monopoly of issuing notes thus curbing the note issuance authority of Private and Presidency Banks{{1}}. Paper notes of values ranging from 10, 20, 50, 100 and 1000 were issued during British India period. Even at the primitive times of manufacturing these notes the manufacturer (Laverstock Paper Mills) issued it along with few prominent security features that include watermark, printed signatures and note registration{{2}}
In addition to above a rather peculiar practice was followed. British India Notes facilitated inter-spatial transfer of funds. As a security precaution, notes were cut in half. One set was sent by post. On confirmation of receipt, the other half was dispatched by post! Talk about extreme measures!!
Continue reading ‘INR – 2’↑
2. aper Currency Act provided Government of India the monopoly of issuing notes thus curbing the note issuance authority of Private and Presidency Banks[1]. Paper notes of values ranging from 10, 20, 50, 100 and 1000 were issued during British India period. Even at the primitive times of manufacturing these notes the manufacturer (Laverstock Paper Mills) issued it along with few prominent security features that include watermark, printed signatures and note registration{{2}}
In addition to above a rather peculiar practice was followed. British India Notes facilitated inter-spatial transfer of funds. As a security precaution, notes were cut in half. One set was sent by post. On confirmation of receipt, the other half was dispatched by post! Talk about extreme measures!!
Continue reading ‘INR – 2’↑
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