A fee receipt, 1945.

27 May

I can’t help wondering how much this school charges for monthly tuition nowadays, if it still exists.

And I wonder if anyone can tell me what the present-day equivalent of two Indian rupees would be 🙂

fee receipt

Abbaji, please translate what is written next to ‘Received from’  🙂

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12 Responses to “A fee receipt, 1945.”

  1. Geetali May 27, 2011 at 7:04 am #

    Thanks for another edition of “Days of yore.
    A quick calculation tells me that what cost Rs. 2.00 in 1948 would cost Rs. 90.46 in 2011 which is an increase of 4423.00%. Since this is a school run partly by a charitable trust and partly funded by the state, the tuition fees would not be more than Rs. 150/-.

    • Mun May 27, 2011 at 3:53 pm #

      150 Indian rupees is 300 Pakistani ones. Still unbelievably cheap!

  2. Hammad Rashid May 27, 2011 at 7:25 am #

    my calculation says its somewhere around Rs 302
    considering the avg inflation rate is 7.9% for the last 50 years

    • Mun May 27, 2011 at 3:58 pm #

      How does one KNOW such facts? o.O

  3. Geetali May 27, 2011 at 3:44 pm #

    Abaji’s middle name starts with a ‘T’?

    • Mun May 27, 2011 at 3:47 pm #

      Yup! Tayyabali…remember? 😉

  4. Geetali May 28, 2011 at 2:10 am #

    That’s such a typical Western India thing! Your name, your father’s name, then surname.

  5. Nafisa Miyajiwala May 28, 2011 at 2:13 am #

    Mamuwala M.T.

    Really interesting. Your Abbaji really seems to be digging deep down on his treasure hunt. I hope he finds more treasure.

    Nafisa

    • Mun May 30, 2011 at 1:09 pm #

      Let’s see what we can find next!

  6. Mansur Miyazi May 28, 2011 at 11:47 am #

    Gold was $35 ounce in 1948. Today it is around $1535 – an increase of 4385%. 2 rupees would be around 87.71 rupees today. The old receipt itself would however be worth much more – at least in my estimate.

    • Mun May 30, 2011 at 1:12 pm #

      Thanks for the comment Mansur bhai 🙂 4385% is a huge leap! Finance and figures have never been my strong suit so I appreciate the feedback…hahah!
      You’re right of course, this receipt is a historical treasure 🙂

  7. Mansur November 19, 2011 at 8:18 pm #

    Wow ! this is great.

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