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| Issuer | Bank of Independent (Azad Hind) |
|---|---|
| Year | 1944 |
| Type | Pattern or trial banknote |
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| Obverse description | Brown and blue bicolour note with portrait vignettes of Subhas Chandra Bose at right and Jawaharlal Nehru at left. The legend BANK OF INDEPENDENT and JAI HIND appear at top, with the promise text ONE THOUSAND in the central field and GOOD WISHES at the lower margin. |
|---|---|
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| Reverse description | Reverse is blank, with no printed design, lettering, or underprint, consistent with an unfinished pattern or trial piece. |
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| Comments |
The Azad Hind Bank was established in 1943 in Singapore under the Provisional Government of Free India — Subhas Chandra Bose's government-in-exile backed by Imperial Japan. These notes were never legal tender in any conventional sense and saw no meaningful circulation. They were issued as instruments of nationalist legitimacy, intended for use in territories the Indian National Army expected to liberate from British rule — a campaign that collapsed after the failed Imphal-Kohima offensive in 1944.
Most surviving examples come from Japanese-controlled Southeast Asia, not the Indian subcontinent. The printing source remains disputed among specialists.