Norman,
To the best of my knowledge the 'sword knot' as used by European cavalry on sabres was not employed on Indian swords. In many cases the tang button (capstan in western parlance, = mogra in Indian) was pierced for the purpose of disassembling the hilt. There was certainly variation in this application, and various piercings and holes were often intended to add certain festoons or auspicious ornament, but I am not aware of these used as attachments to tie to the wrist.
Regards,
Jim
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