Currency Printing and Coin Minting :

The Government of India on the advice of the Reserve Bank of India decides on the various denominations for printing the notes. The Reserve Bank coordinates with the Government in designing the bank notes. Printing of currency notes are handled by the Security Printing and Minting Corporation of India Limited (SPMCIL) and the Bharatiya Reserve Bank Note Mudran Pvt Ltd (BRBNMPL) in their different printing presses setup at Nashik, Devas, Mysore. SPMCIL has mints for coin production at Mumbai, Noida, Hyderabad. The Reserve Bank acts as agent for the Central Government for issue, distribution, withdrawing of the coins.

Reserve Bank of India’s concern is on the level of forged notes penetrated into the circulation. The Reserve Bank has been regularly educating the public, banks and others through press releases and display of “Know Your Bank Note”. Reserve Bank from time to time circulate information on the security features of the currency notes. Banks are advised to install the required ultra violet machines and counterfeit note detecting machines. Reserve Bank provides training to banks and government treasury offices and issues detailed guidelines on how to detect and take further necessary steps including impounding of such notes.