Enjoy Some Indian Currency Trivia This Independence Day!

By BankBazaar | August 15, 2016

Happy Independence Day

To mark the 70th year of India’s independence, we’ve decided to give you some interesting trivia about Indian coinage. Here you go:

Did you know that the word ‘rupee’ comes from the Sanskrit word ‘raupya’? The word ‘raupya’ means silver.

Can you tell where a coin was minted? We can and we’ll tell you how to find out. Look below the year of minting stamped on the coin. A diamond tells you that the coin was minted in Mumbai. A star for Hyderabad and a dot for Noida. Coins minted in Kolkata have no mint mark.

After Independence, the first coins were introduced in the year 1950. These were made of Cupro-nickel. In 1964, aluminium coins in denominations up to 20 paisa made a debut.

Stainless steel coins in denominations of 10 paisa, 25 paisa, and 50 paisa were first introduced in 1988.

Coins in the denominations of Rs. 75, Rs. 100 and Rs. 1,000 were first introduced in the year 2010. Hold it, these were only for commemorative purposes. These commemorative coins were made to celebrate 75 years of the Reserve Bank of India, 100 years of Rabindranath Tagore and 1000 years of the Brihadeeswara Temple.

Now aren’t you feeling patriotic even about the currency in your pocket?

Thinking about making some smart financial moves?

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About Dheeraj Kapoor

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