Which was the first note printed in India?
First note issued by the RBI was of ₹5. The Reserve Bank of India, which was established on April 1, 1935, issued its first note worth ₹5 in January 1938. The note had a portrait of King George VI.
Which is the first note printed by RBI?
i. Ashoka Pillar Banknotes: The first banknote issued by independent India was the one rupee note issued in 1949.
When did rupee started in India?
India gained its independence on August 15, 1947. However, the prevailing currency remained frozen until January 26, 1950, when the country adopted its own constitution. In 1957, India introduced a decimal currency scheme where 100 paise formed a rupee.
Where are notes printed in India?
India has four currency printing presses — in Nasik (Maharashtra), Dewas (Madhya Pradesh), Mysore (Karnataka) and the latest in Salboni (West Bengal).
Can RBI print unlimited currency?
Methodology to evaluate the need for currency
From the above, it is quite clear why RBI cannot print unlimited currency notes.