.....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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