Study of evolution Indian currency notes

In recent years, India has witnessed emergence of virtual currencies. Indian society is accommodating itself with digital currencies. It is now required to study the base of all transaction processes and financial activities happening in India at the verge of such transformative era. This paper provides insight into the development and evolution of Indian Banknote. Studying history of currency notes gives us a space to develop more secure and convenient systems. Analysis of evolution of currency helps pragmatic decision makers to look into insight our cultures and study cross-cultural possibilities. Although digital currencies have intruded Indian markets, paper currency still dominates most portion of Indian financial transactions.According to the Reserve Bank of India sources, the circulation of banknote to GDP number is consistently rising and it is approaching to the pre-demonetization level of 11.9 percent. This amount is very substantial as compared to the global economic superpowers like United States of America, European Union and Japanese economy. Therefore, it makes prerequisite to study Banknote of India, the principal aspect of financial transactions in this nation.