10+ History Of Money In India Pictures. Since they are a decentralised and highly secure form of money. The history of indian currency not only spans centuries but also boasts quite a fascinating past.
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Ancient china, africa, and india used cowry shells. By the 1960s, the indian banking industry was a large employer and played a key role in augmenting the country's economy. Indian merchants in calcutta established the union bank in 1839, but it failed in 1848 as the depositors lost money and lost faith in the bankers to keep deposits with them.
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Ancient china, africa, and india used cowry shells. The history of money spans thousands of years from bartering and the first coins to credit cards and electronic money. In india though, we know it as the day the indian government nationalised 14 private sector banks. If you would have invested your money in index linked mutual fund in 2003, you would have made your money grow (over inflation) at rate of 8.3% per annum.
