Indian Currency and Indian Banknotes: HYDERABAD INDIA BANK NOTES (1917

The Flag of Nizam of Hyderabad

Hyderabad State, the largest Indian State & the last remnant of Mughal legacy in south or central India, traced its foundation to Nizam-ul-Mulk, the Mughal Viceroy in the Deccan. The dynasty was founded by Mir Qamar ud Din Siddique viceroy of the Deccan under the Mughals from 1713 to 1721 and who intermittently ruled under the title Asaf Jah in 1724, and After Auzangazebs death in 1707, the Mughal Empire crumbled and the viceroy in Hyderabad, the young Asaf Jah, declared himself independent.From about 1724, the first Nizam as the rulers of Hyderabad came to be called, took advantage of the Mughal decline in the North to assert an all but ceremonial independence of the emperor.

I	Nizam-ul-Mulk	1724 - 1748
II	Nizam Ali Khan	1762 - 1803
III	Sikander Jah	1803 - 1829
IV	Nasir-ud-Dowla	1829 - 1857
V	Afzal-ud-Dowla	1857 - 1869
VI	Mahboob Ali Pahsa	1869 - 1911
VII	Mir Osman Ali Khan	1911 - 1948

Hyderabad was the only state which had a full fledged paper currency which came into existence in 1916, and enjoyed wide circulation till 1952. The notes were printed till 1939 by Waterlow & Sons, and then onwards by the Security Press at Nasik. The notes are dated in "Fasli" years, an era which was current in the Deccan, associated closely with the Hijri era. The notes are printed entirely in Urdu and other languages which were current in the state, like Kannada, Telgu and Marathi. They are signed by the "Moin-ul-Mulam" or Finance Minister. Sir R.R.Clancy,Sir Akbar Hyderi, Hyder Nawaz Jung, Fakhre-yar Jung,Mehdi Yar Jung,Gulam Mohammad,Liaquat Jung,Zahid hussain are a few of the signatories.

I	Sir RR Clancy	1917 - 1918
II	Fakhr-ud-din Ahmed	1918 - 1920
III	Sir Akbar Hyderi	1920 - 1922
IV	Hyder Nawaz Jung	1922 - 1936
V	Fakhr Yar Jung	1936 - 1938
VI	Mehdi Yar Jung	1939-1941
VII	Fakhr Yar Jung	1941 - 1945

VIII	Ghulam Mohd	1917 - 1918
IX	Liaquat Jung	1945 - 1947
X	Zahid Hussain	1945
XI	Zahid Jung	1945 -1946
XII	Moin Nawaz Jung	1947 - 1948
XIII	D.R.Pradhan	1948 - 1949
XIV	CVS.Rao	1949-1952

Dr.G.S.Melkote

1952

Salavaged Sea notes - Ship S.S. Egypt carrying Hyderabad bank notes of 5 rupees ,10 rupees and 100 rupees denomination sunk off the French coast on May 20th,1922.These notes were later discovered during sea salvage operation by salvage ship "Artigilo'' in 1930, by Italian Crew Societa Ricuperi Marittimi (So.Ri.Ma). These notes are with out signature most of the notes recovered have been destroyed, and few are released to collectors with rubber stamp stating no value. Few notes can be found without the rubber stamp also.