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1/4 Anna WWII Cash Coupon

Issuer Balwan, Princely state of
Year 1940-1945
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Value 1/4 Anna (1⁄64)
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Obverse script Devanagari
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Reverse description Central field displays two crossed spears or lances arranged diagonally, with decorative foliate scrollwork at each of the four terminals. Above the crossed weapons, a small ornamental device appears at the apex. A circular Devanagari legend runs along the upper periphery within a double-ring border, and a lower legend is positioned at the base of the field within the inner circle.
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Additional information

Balwan was a minor thikana in the Ajmer region, not a recognized princely state with treaty rights, which makes any fiscal instrument bearing its name an administrative curiosity at best. During the Second World War, acute metal shortages across the subcontinent forced dozens of small Indian states and localities to issue emergency cash coupons on paper or cardboard as fractional currency substitutes. Most circulated within a single village economy and were redeemed — or more often simply discarded — once metal coinage returned to circulation after 1945.

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