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It made a world record by printing more than 20,000 million pieces of bank notes in financial year 2016–17, It has its own design cell. It has the capability to print all the denominations of Indian bank notes. The other two bank note presses of SPMCIL are Currency Note Press Nashik Road, and Bank Note Presses Dewas.
There are two Security printing presses of SPMCIL, namely the India Security Press (ISP) at Nashik and the Security Printing Press (SPP) at Hyderabad. These presses print the 100% requirement of passports and other travel documents, non-judicial stamp papers, cheques, bonds, warrants, postal stamps, postal stationery, and other security products.
The Security Printing and Minting Corporation of India Limited (SPMCIL), a wholly owned company of the Government of India, has printing presses at Nashik, Maharashtra and Dewas, Madhya Pradesh. The Bharatiya Reserve Bank Note Mudran Private Limited (BRBNMPL), owned by the RBI, has printing facilities in Mysore, Karnataka and Salboni, West Bengal.
Bharatiya Reserve Bank Note Mudran Private Limited, a wholly owned subsidiary of the Reserve Bank of India, has banknote printing presses at Salboni and Mysore with a capacity of 16 billion note pieces per year. [12] On 11 January 2007 JSW Steel had announced plans to construct a 10 million tonne steel plant in Salboni. [13]
The Paper Currency Act, 1861 gave the Government of India the exclusive right to print and circulate banknotes and thereby abolishes the printing and circulation of banknotes by the private Presidency Banks. Until the establishment of the Reserve Bank of India on 1 April 1935, the Government of India continued to print and issue banknotes. [2] [3]
This was the highest currency note printed by RBI that was in active circulation, ever since the 1,000 rupee note was demonetised in November 2016. [3] [4] [5] Before the official announcement by RBI, the media reported that ₹2000 notes had been printed from the currency printing press in Mysuru by the end of October 2016. [6]
As a result, the one rupee note is the only note bearing the signature of the Finance Secretary and not the Governor of the RBI. [1] Predominantly pinkish green paper is used during printing. The 1-rupee note was first introduced on 30 November 1917, but printing was discontinued in 1926. [2]
As per an announcement made by the Reserve Bank of India (RBI) in March 2017, a new version of the Indian 10 Rupee note will be issued soon, with better security features. The year of printing will be on the reverse note side. The numerals printed inside both note panels will be in ascending size, from left side to right side. [8]