<P> During his five - year rule from 1540 to 1545 , Sultan Sher Shah Suri issued a coin of silver , weighing 178 grains ( or 11.53 grams ) , which was termed the Rupiya . During Babar 's time , the brass to silver exchange ratio was roughly 50 : 2 . The silver coin remained in use during the Mughal period , Maratha era as well as in British India . Among the earliest issues of paper rupees include ; the Bank of Hindustan ( 1770 -- 1832 ) , the General Bank of Bengal and Bihar ( 1773 -- 75 , established by Warren Hastings ) , and the Bengal Bank ( 1784 -- 91 ) . </P>
<P> During his five - year rule from 1540 to 1545 , Sultan Sher Shah Suri issued a coin of silver , weighing 178 grains ( or 11.53 grams ) , which was termed the Rupiya . During Babar 's time , the brass to silver exchange ratio was roughly 50 : 2 . The silver coin remained in use during the Mughal period , Maratha era as well as in British India . Among the earliest issues of paper rupees include ; the Bank of Hindustan ( 1770 -- 1832 ) , the General Bank of Bengal and Bihar ( 1773 -- 75 , established by Warren Hastings ) , and the Bengal Bank ( 1784 -- 91 ) . </P>
when was first currency note printed in india
when was first currency note printed in india
1770
1770