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Bank of Bombay was established in 1840. They issued currency notes between 1850-1860. The Currency Act of 1861 banned all private or presidency banks to issue paper promise. This banknote is the last series issued by the Bank of Bombay. It is dated 1st November 1860. The use of prefix system in the early issues of India is also seen in the last series of Bank of Bombay banknotes shown above.

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Indian paper money is known since 1810, used in India. From top left to down bottom traces the timeline of Indian Paper Money. It covers period of more than 200 years. The "Paper Promise" device is practically called banknotes if it is issued by the bank. In India, Reserve Bank of India issues paper currency to the public since 1937. Amazing story to remember!

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BANK OF BENGAL on bank the HOOGLY RIVER (CALCUTTA). PICTURED IN 1900-1910. Bank of Bengal issued currency as early as 1810. CONTRIBUTED BY: HERBERT A. FRENCH IN 1947 TO NATIONAL PHOTO COMPANY LONDON.

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Nilaish, Esq. | World Banknotes: 500 Rupees banknotes signed by Duvvuri Subbarao in...

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Bank of Bengal issued uni-face series between 1810-1825. The new commerce series depicting the Lady Commerce sitting on the articles of merchandise were released in 1825. The above shown,100 Sicca Rupees note was issued on 24th March 1825. Very rarely seen in museums and private collection. The bank after payment of the promise cut the signature(s) and stamped in centre CANCELLED. The survived banknotes of this year are half cut which was a norm those days and accepted by the Bank of Bengal.

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