Saturday, November 5, 2016

.....FROM WHERE OUR NOTES AND COINS ARE COMING.....










  • Four printing presses print and supply banknotes. 
  • These are at Dewas in Madhya Pradesh, 
  • Nasik in Maharashtra, 
  • Mysore in Karnataka, and 
  • Salboni in West Bengal.
  • The presses in Madhya Pradesh and Maharashtra are owned by the Security Printing and Minting Corporation of India (SPMCIL), a wholly owned company of the Government of India. 
  • The presses in Karnataka and West Bengal are owned by the Bharatiya Reserve Bank Note Mudran Private Limited (BRBNMPL), a wholly owned subsidiary of the Reserve Bank.
  • Coins are minted by the Government of India. 
  • The Reserve Bank is the agent of the Government for distribution, issue and handling of coins. 
  • Four mints are in operation: Mumbai in Maharashtra, Noida in Uttar Pradesh, Kolkata, and Hyderabad.

  • Coins in circulation: 50 paise, 1, 2, 5 and 10 Rupee


  • Notes in circulation: Rs. 5, 10, 20, 50,100, 500 and 1000
  • Bank notes are legal tender at any place in India for payment without limit.
AS PER THE INDIAN COINAGE ACT
  • Rupee coin (1 and above) can be used to pay /settle any sum.
  • Paise 50 coin can be used to pay /settle any sum not exceeding Ten Rupees.

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