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The RBI places an annual indent for this purpose and the Government of India draws up the production programme for the India Government Mints on the basis of the indent. Besides minting coins, the mints at Mumbai , Kolkata and Hyderabad also make coin blanks .
The Security Printing & Minting Corporation of India Ltd. (SPMCIL) is an organization under the Coin and Currency Division of Department of Economic Affairs, Ministry of Finance. It is responsible for conducting printing and minting activities for the Government of India. It is under the ownership of the Ministry of Finance, Government of India.
With an estimated annual production capacity of 2,000 million coins, the new mint was established to cater to the increasing demand for coins in India. In January 1986 the project was started by the Department of Economic Affairs under the Ministry of Finance with a budget of ₹ 30 crore (equivalent to ₹ 408 crore or US$48 million in 2023).
Its largest site is the Philadelphia Mint which covers 650,000 square feet [3] (6 hectares) and can produce 32 million coins per day. [4] Royal Canadian Mint, Canada Casa de Moneda de Colombia Monnaie de Paris, France Staatliche Münze Berlin, Germany Calcutta Mint, India Japan Mint Royal Dutch Mint Mennica Polska S.A., Poland Saint Petersburg ...
The India Government Mint, Mumbai is one of the four mints in India and is in the city of Mumbai. The mint was established in 1824 by the then governor of the Bombay Presidency. [1] Its main activity is the production of commemorative and development-oriented coins. The mint is opposite the Reserve Bank of India in the Fort area of South Mumbai.
The India Government Mint, Kolkata was first established in 1757, [2] and was located in a building next to the Black Hole in the old fort – where the GPO (General Post Office) stands today. [3] It was called the Calcutta Mint and used to produce coins with the mint name Murshidabad .
India Government Mint, Hyderabad was established in 1803 AD by Mir Akbar Ali Khan Sikander Jah, Asaf Jah III as a private mint and along with other private mints in the country. The mint produced Indian coins in the name of Emperor of India. Initially the mint was situated at Sultan Sahi in Moghalpura suburb of the Hyderabad city.
List of coins minted in foreign mint [15] Mint Country Year Coin Mint Mark Birmingham Mint: United Kingdom 1985 ₹1.00 'H' below last digit of the year Royal Mint: United Kingdom 1985 ₹1.00 ' ' below first digit of the year Taegu Mint: South Korea 1985 ₹0.50 '★' below first digit of the year Royal Canadian Mint: Canada 1985 ₹0.25