The legal tender which we use today has had a long history, ever since the ancient times. The first banknote to be used as currency was in 1864 when the Government of India started issuing notes. But there are a few things that many might not know about our ‘Hari Pattis’.

A little bit history on the design

The current batch of notes that we have from the Series VII notes, first issued in 2005. Memorable past notes include, the Series II which saw the reduction in the size of the note to its current size, in 1967. Series IV started using graphics depicting India on notes, the first being a Rs. 1000 note in 1931.

Many old notes today are worth more in the market, and there also are collectors who specialise in old bank notes and will pay hefty sums of money to procure them. The Government pays a handsome amount to those who still possesses older design notes.