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Around 1911 or 1912, The Chartered Bank of India, Australia and China began using perforated initials to identify postage stamps used by the bank. The "CBI" perfin known  to be applied on the stamps either on front or back, horizontal or vertical up and down and diagonal. Partial initials also exist. The Type I perforated initials was used until around 1916.

The first application, catalogued here as TYPE I, were the letters "CBI" in 5mm high format. The "CBI" perfin known  to be applied on the stamps either on front or back, horizontal or vertical up, down and diagonal. Partial initials also exist.

TYPE I  -  5 mm High

Perforation 12, Single Line Watermark PIPS. Used until around 1916

Vert. Reading Down
Diag. Reading Down
Inverted
d
Inverted
Partial Perfin
Blue, Inverted
Dark Blue
Light Blue
e
Perforation 11, Single Line Watermarked PIPS

Inverted
Perforation 10, Single Line Watermark PIPS.

Inverted
Unlisted Booklet Pane Pair

Stamps Without Frames Reproduced From Photocopy