Banknotes of India

The official currency of India is the Indian Rupee (INR), issued by the Reserve Bank of India since its establishment in 1935. Paper money was first introduced in India in 1861, when the British colonial government began issuing currency notes. A significant reform occurred in 1957, when the Indian Rupee was decimalized, transitioning from 16 annas to a system based on 100 paise. Collectors are drawn to India's banknotes due to their diverse designs and incorporation of national symbols. A striking feature of the Indian currency is the portrait of Mahatma Gandhi, first introduced on a banknote series in 1969. The 1996 series, notable for its enhanced security features, showcases innovative designs that reflect India's vibrant art and culture.