What is the old currency of India?

Decimalisation (1950’s)

Dates	Currency system
1850–1957	1 rupee = 16 annas = 64 pices
From 1 April 1957	1 rupee = 100 naya paisa
From 1 June 1964 till today	1 rupee = 100 paisa

When did currency start In India?

In 1862, coins were introduced (known as “regal issues”) which bore the portrait of Queen Victoria and the designation “India”. Their denominations were 1⁄12 anna, 1⁄2 pice, 1⁄4 and 1⁄2 anna (all in copper), 2 annas, 1⁄4, 1⁄2 and one rupee (silver), and five and ten rupees and one mohur (gold).

Can I sell old 500 rs note?

All you have to do is visit a website upload photo of your Rs 500 note that is old and rare. You will get cash upto Rs 10,000 when any buyer. As you will get a quick cash there are certain conditions which you must know before exchanging the old and rare 5 rupees note.

Who put Gandhi In Indian currency?

The Reserve Bank of India (RBI)
The Reserve Bank of India (RBI) introduced the series in 1996 with 10 and 500 rupee banknotes.

Who first used currency?

The Mesopotamian shekel – the first known form of currency – emerged nearly 5,000 years ago. The earliest known mints date to 650 and 600 B.C. in Asia Minor, where the elites of Lydia and Ionia used stamped silver and gold coins to pay armies.

Who started currency In India?

Sher Shah Suri
It owes its origin to Rupiya, issued by Sher Shah Suri in 1540-45. Today, the Reserve Bank of India issues currency under the RBI Act 1934.

When did rupee started in India?

The introduction of small denomination notes in India was essentially in the realm of the exigent. Compulsions of the first World War led to the introduction of paper currency of small denominations. Rupee One was introduced on 30th November, 1917 followed by the exotic Rupees Two and Annas Eight.