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Published: January 22, 2010 18:35 IST | Updated: January 26, 2010 09:39 IST

Netaji currency made public
Mahim Pratap Singh

The currency note issued by Subhash Chandra Bose's Bank of Independence

Special Arrangement

A currency issued by Netaji Subhash Chandra Bose’s Bank of Independence has been made public here on the eve of
his 113th birth anniversary, leading to excitement among his supporters.
In the 1980s, Ram Kishore Dubey, a retired contractor with the State Irrigation Department, discovered the note in
his grandfather’s Ramayana book, but did not realise its historical significance till recently.
“My grandfather, Praagilal, worked for Netaji in the Azaad Hind Fauj and passed away in 1958,” says the 63-year-old
Dubey.
“He used to stay away from the family for months on end working covertly for the INA [Indian National Army] in the
Bundelkhand region on a recruitment drive for its Jhansi ki Rani Regiment, led by Lakshmi Swaminathan. He gave
up his land for the cause of the army and so Netaji rewarded him with this note promising him the amount in
independent India.”
The currency, of denomination one lakh, has a photograph of Bose on the left side and a pre-independence map of
the Indian territory with the inscription “ swatantra bharat” in Hindi on the other. In the middle are inscribed the
words “ Jai Hind” in English, with the words “I promise to pay the bearer the sum of one Lac” below it.
On the top of the note is a series of flags of the Azaad Hind Fauj over a bold inscription saying “Bank of
Independence” with “good wishes” inscribed at the bottom.
“Nobody is aware of the this fact that submitting to the demands of the British, Nehruji [Jawaharlal Nehru] gave
them Subhash Bose in return for India’s independence,” says Mr. Dubey.
Several historians contend that in April 1944, Netaji established the Azad Hind Bank or the Bank of Independence in
Rangoon (now Yangon) to manage funds donated by the Indian community from across the world.
Correction
The first paragraph of a report “Netaji currency made public” (January 23, 2010) said that a currency
[note] issued by Netaji Subhash Chandra Bose’s Bank of Independence was made public in Bhopal on
the eve of his 103rd birth anniversary. It should have been 113rd birth anniversary.
Keywords: Netaji, Subhash Chandra Bose, Madhya Pradesh, Bank of Independence, INA, Azad Hind Fauj
Printable version | Apr 18, 2013 6:56:28 PM | http://www.thehindu.com/news/national/other-states/netaji-currency-made-public/article91486.ece
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