Government of India, George V, Uniface, 50 Rupees, Red Underprint, Bombay Circle, dated 29th May 1918, signed by H. Dennings, Serial No.: SD8 09909, Four serial numbers on all corners,
The first set of British India notes were 'Victoria Portrait' Series issued in of 10, 20, 50, 100, 1000. These were unifaced, carried two language panels and were printed on hand-moulded paper manufactured at the Laverstock Paper Mills (Portals). The security features incorporated the watermark (GOVERNMENT OF INDIA, RUPEES, two signatures and wavy lines), the printed signature and the registration of the notes
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 despatched by post.
The Victoria Portrait series was withdrawn in the wake of a spate of forgeries and replaced by the unifaced 'Underprint Series' which were introduced in 1867. In deference to public demand, notes in the denomination of Rupees Five were introduced. Initially, notes were legally encashable only in the Currency Circle in which they were issued; however, between 1903 an 1911, notes of denomination 5, 10, 50 and 100 were 'universalised', i.e. were legally encashable outside the Currency Circle of Issue.
The Underprint Series notes were printed on moulded paper and carried 4 language panels (Green Series). The languages differed as per the currency circle of Issue. Language panels were increased to 8 in the Red Series. The improved security features included a wavy line watermark, the manufacturer's code in the watermark (the source of much confusion in dating), guilloche patterns and a coloured underprint.
This series remained largely unchanged till the introduction of the 'King's Portrait' series which commenced in 1923.
#banknote #banknotes #india #indiacurrency #coin #rupee #history #unifacenotes #bank #money #numismatist