“For Old Coins and Currency Lovers, RBI (Reserve Bank Of India) money / monetary museum located at Fort area of South Mumbai has abundance of information about old new Indian coins and currency notes till date. RBI Monetary Museum is the only museum in Mumbai which has free entry with any and all type of Indian Currency Information.
RBI Monetary Museum Fast Facts
Existence and Start up : This money museum was started in 2004, and with time it gained popularity locally and internationally too.
RBI Act 1934 : Reserve Bank Of India is sole and central authority of Nation to print currency notes and coins and decides on every aspect of same.
Major Attraction Inside : 10,000 and more Ancient and Historic old coins made of varieties of metals, displayed on wall behind glass. Old and new currency notes with detailed information on the prints, embosses and other things found on the note. It also detailed the way coins were used in past and the needs of time and development which brought in currency notes in replacement of old coins. Also are on display all old coins and currency notes which are obsolete in last few years, decade and more.
Facilities at RBI Monetary Museum : Secure lockers to keep belongings, Toilet and Rest rooms, Limited Car parking, Momentous purchasing opportunity, 4 Different Brochures Costing Rs.5 each etc.
Location : This Indian money museum in Mumbai is located at Fort area which is known as one of the oldest commercial hub of city. Nearest railway station being CST and Churchgate at 5 to 10 minutes distance.
Types of Coins on Display : Since AD 330 to 370, Coin collection is huge. Varieties of Historic coins made of pure Gold, Silver, Bronze, Brass, Copper , Nickel and more. Rare collections like 8 mm Diameter coin called ‘Fanam’ is also on display.
Inside Monetary Museum
Museum basically has 6 major sections along with a Information kiosk location inside for curious school children and others. The main entrance of the museum welcomes visitors with a Mural. A door on left to get the museum journey started. As soon your enter the first section called ‘Ideas Concepts and Curiosities’, you start getting the idea of what a money museum is all about and why many such monetary museums exits around the world and not just in Mumbai that attracts tourists and old coin collectors on globe.
Move ahead into ‘Coinage Section’ and it will keep you thinking about what the past was all about with 10,000 odd exhibits on display. Various coins of all type metal and few metals like Gold, Silver, Copper which are precious and costly today was just another metal form used for coins and had less value otherwise. Coinage section is the largest section of museum.
Ancient and historic coins unlike today’s are on display with perfect lights falling to see the art work and emboss work done on same. Look them close and think on how easy or difficult it would be to Emboss and create the marks on thousands of such coins without the advanced technology we use today. The combination of Indian and British marked coins made of brass, copper and other mixed metal has a different attractive shine as seen in this section.
Move next door and the section called ‘From Coins to Paper Money’ shows up which explains the changing trends and the requirement of gaining civilization from old coins (Mudra in Hindi) to the birth of currency notes (Paper money). Move ahead to ‘Banking and Paper Money’ section that welcomes you with more deeper knowledge on how Banking became need and paper money was the currency of time.
Huge currency note on walls with Reserve Bank Of India written and many such notes of Rupee 1, Rupee 2, Rupee 5 and more (Enlarged) and walled behind glass case. Face of paper money has changed from time to time. More secure and hack proof, More minor scripting, design and secret details, embossed, which is not possible to copy and create fake notes by cheaters and only possible by RBI.
Move inside the centre location of RBI Monetary Museum to a section called ‘Know Your Currency’ a paper money section with abundance of information about how currency is managed, pictures to understand how RBI plans any currency and what are the minor details inside every paper note that we people usually cannot understand other wise. Ever thought knowing about the Mahatma Gandhi Image on Indian currency, Why the words like Satyamev Jayate printed on notes ?
This section of Museum also helps individuals from Mumbai and also tourists with information to differentiate Original Currency with fake currency notes that floods in the markets Mumbai as read in news papers time after time.
‘RBI and You’ is the last section at exit of Museum that explains what role RBI plays and what a common person should known and related with our Reserve Bank. Abundance of information on how banking, currency notes came into existence, what is the role of RBI and other historic details since 1934 when RBI act was implemented in India.
Note : You might also like to know about Currency Exchange at Airport, Things related, Money Transfer companies, Money Exchangers in Mumbai, Mutilated Currency Dealers.
Timings, Address and Contacts
Entry opened to public in morning 10:45 till Evening 5:15 free of cost. Museum is closed on Money and during Bank Holidays.
You can contact the authorities for guided tour in in group and for any other information contact +91-22-22614043 and +91-22-22610801, Fax on +91-22-22702820.
RBI Monetary Museum,
Reserve Bank of India,
Ground Floor, Amar Building,
Sir Pherozeshah Mehta Road,
Kala Ghoda, Fort, Mumbai 400001