In India, currency is printed by both government and Reserve Bank of India (RBI). Reserve Bank of India, India’s Central Bank is engaged in the printing of all notes and the production of the coins is handled by the Government under The Coinage Act, 1906. However, if required the Government can print one rupee note. Check out list of Currency Printing Press in India below.
List of Currency Printing Press in India – RBI & Govt Printing Press
It is the Reserve Bank of India (RBI) that determines what volume of currency is required at a particular time. Both the government of India or RBI owned subsidiary Bharatiya Reserve Bank Note Mudran Private Limited.
The production of bank notes, coins, non-judicial 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 corporatization of presses and mints functioning under the Indian Ministry of Finance. SPMCIL contains nine units, out of which there are four presses, four mints and a paper mill.
As already mentioned, Security Printing and Minting Corporation of India comprises four printing presses.
- Currency Note Press (CNP)
- Bank Note Press (BNP)
- India Security Press
- Security Printing Press
The first printing press of India Currency Note Press (CNP) was established in 1928 for printing bank notes in India. This press is located in Nashik, Maharashtra.
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.
Currency is also printed by Reserve Bank of India. 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.
Security Printing and Minting Corporation of India Limited (SPMCIL) comprises four mint:
- India Government Mint, Mumbai
- India Government Mint, Kolkata
- India Government Mont, Hyderabad
- India Government Mint, Noida
The main purpose and objectives of these mints is to produce coins, medals and awards, as per the requirements of India. The Mumbai mint is known for producing standardized weights and measures. The state-of-the-art gold refining facility upto 999.9% is available in Mumbai. The electrolytic refining facility upto 999.9% is available in Hyderabad.
Noida is known as the first mint in the country to produce stainless steel coins. Mumbai and Kolkata mints are known for manufacturing commemorative coins.
A special kind of paper is required for the printing of bank notes and non-judicial stamps. This paper is produced in special Security paper Mill. This mill was established in 1968 at Hoshangabad, Madhya Pradesh. After production, this paper is sent to currency printing presses.
It is a popular myth that Indian currency is printed out of the country or the paper required for the printing of the currency is obtained from abroad, but now you know that all this is in house production of our country.