The country's central bank, the Reserve Bank of India (RBI), preserves the monetary heritage of the country through the RBI Monetary Museum. Through this museum, the Reserve Bank of India disseminates information about the economic history of India to the general public. This one-of-a-kind museum in India was inaugurated in 2004 by India's President, Dr. A P J Abdul Kalam. The museum talks about money from when it evolved from the old barter system. In the museum, visitors get to see coins of various sizes and shapes when they were issued during the 6th century B.C. to present times. Also, there are panels of banknotes and instruments of banking displayed in the museum.
Different sections of the RBI Monetary Museum
The museum is divided into 6 different sections: Concepts, Curiosities, and the Idea of Money, Indian Paper Money, Know Your Currency, Indian Coinage, Coins to Bank Notes, and RBI and You. The best among these sections is the second one, "Curiosities and the Idea of Money," which displays the variety of coins through the years, starting from the 4th century B.C. Every museum section is explained through graphic panels in both English and Hindi. In addition, there is a screen for trading in foreign exchange that comes with live quotes on foreign trade, share prices, and commodities. With this, visitors see how the exchange rates of different currencies keep changing.
Why visit the RBI Monetary Museum?
The RBI Monetary Museum is a must-visit for children as there are a number of information kiosks around the museum that provide information and lots of entertainment. Children can learn about currency notes and coin-related facts while playing games. Visitors can also buy souvenirs like greeting cards, posters on coins and currency notes, and postcards.
RBI Monetary Museum Timings
10:30 am – 5 pm
Open all days, except Monday
Children can learn about the development of money in India via the magnificent collection of coins, banknotes, and other artifacts on display at the RBI Monetary Museum. At the kiosk, they can play games, which is an engaging way to learn about the development of money.
RBI Monetary Museum Mumbai Entrance Fee
There is no entrance fee.
If you are planning to visit the RBI Monetary Museum, then you must check out our Mumbai tour packages.