Azad Hind Bank
The Azad Hind Bank was a temporary bank on April 5 during the 1944 World War II by Subhas Chandra Bose for the Provisional Government of Free India was founded. Their headquarters were in Rangoon , the then headquarters of the government- in- exile in what is now Myanmar .
Subhash Chandra Bose formed the Provisional Government of Azad Hind on October 21, 1943 and shortly thereafter declared war on British India and its allies on October 23, 1943 .
Bose founded the Azad Hind Bank to manage funds donated by the Indian community worldwide for the liberation of India from British colonial rule. The bank had branches in all of the countries occupied by Japan - which the bank ultimately controlled. The banknotes were issued in the form of promissory notes , which were usually printed on one side. The money raised by Azad Hind's Provisional Government was held in the bank. Originally the bank had authorized capital of 5 million yen . By the end of World War II, a total of 2 million yen had been deposited through donations.
See also
credentials
- ↑ Mahim Pratap Singh: Netaji currency made public . In: The Hindu , January 26, 2010. Retrieved January 24, 2016.
- ^ Saeed khan: Mystery of Netaji's missing treasure . In: The Times of India , July 14, 2014. Retrieved January 24, 2016.