What is the difference between a Banknote and Currency note?

Bank note is the promissory note issued by the central bank of India which has some intrinsic value which means it will buy you a certain amount of commodity. You must have read the written statement on any note saying ‘I PROMISE TO PAY THE BEARER THE SUM OF FIFTY RUPEES’. They are called bank notes.
Currency is the only permitted medium of exchange within certain legal jurisdiction, that is, they have value in particular region. For example rupee is the currency of India, dollar is the currency of United states. A bank note is denoted in currency of that country.

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basic differnce: banknotes are issued by the commercial banks....but currencynotes...only the central bank of dat particular country can issue dem

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