Currency Printing Press And Mints

Currency Printing Press And Mints

  • The Reserve Bank of India (RBI) prints and manages currency in India, whereas the Indian government regulates what denominations to circulate. (Kindly note that the data given in this article may not be verified due to the secrecy and security of these institutions)
  • The Indian government is solely responsible for minting coins.
  • The production of bank notes, coins, nonjudicial stamps, postage stamps and other government-related documents is managed by Security Printing and Minting Corporation of India Limited (SPMCIL). It was established in 2006 after the corporatisation of presses and mints under the Indian Ministry of Finance. SPMCIL contains nine units, out of which there are four presses, four mints and a paper mill. 

CURRENCY PRINTING UPSCWITHNIKHIL
Presses:

  • The first printing press of India Currency Note Press (CNP) was established in 1928 to print bank notes in India. This press is located in Nashik, Maharashtra.UPSC Prelims 2024 dynamic test series
  • Bank Note Press (BNP) was established later. It has two branches located in Mysore, Karnataka and Dewas, Madhya Pradesh. Currently both CNP and BNP print Indian currency.
  • BNP has an ink factory as well and it produces ink for security printing.
  • The Reserve Bank of India also prints currency. It has two printing presses which are owned by Bhartiya Reserve Bank Note Mudran Private Limited. These printing presses are located in Mysore, Karnataka and Salboni, West Bengal.
  • Indian Security Press is located in Nashik and Security Printing Press is located in Hyderabad. Both of these printing presses produce travel documents, postage stamps and other government-related documents.

CURRENCY PRINTING UPSCWITHNIKHIL

Mints:

  • Security Printing and Minting Corporation of India Limited (SPMCIL) comprises four mints:
- India Government Mint, Mumbai
- India Government Mint, Kolkata
- India Government Mint, Hyderabad
- India Government Mint, Noida

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