10 Rupees

The Hyderabad Government issued its own currency independently of the Reserve Bank of India — the Nizam's dominion maintained this monetary autonomy until the Indian Army's "Police Action" of September 1948 forcibly ended Hyderabad's sovereignty. Notes from this series were still in circulation when that intervention occurred, and a redemption program replaced them with Indian currency shortly after.

P#S274 is catalogued under the Specialized section precisely because Hyderabad was a princely state rather than a colonial or national government — an unusual position in South Asian numismatic classification.