Newsbytes
  • India
  • Business
  • World
  • Politics
  • Sports
  • Science
  • Entertainment
  • Auto
  • Lifestyle
  • Inspirational
  • Career
  • Bengaluru
  • Delhi
  • Mumbai
  • Videos
  • Find Cricket Statistics
Hindi
More
Newsbytes
Hindi
Newsbytes
User Placeholder

Hi,

Logout


India
Business
World
Politics
Sports
Science
Entertainment
Auto
Lifestyle
Inspirational
Career
Bengaluru
Delhi
Mumbai
Videos
Find Cricket Statistics

More Links
  • Videos

Download Android App

Follow us on
  • Facebook
  • Twitter
  • Linkedin
  • Youtube
 
Home / News / Business News / Rs.1 note now printed at a profit
  • Business

    Rs.1 note now printed at a profit

    Sneha Johny
    Written by
    Sneha Johny
    Mail
    Last updated on Nov 07, 2016, 07:40 am
    Rs.1 note now printed at a profit
  • In an RTI filing, the RBI revealed that two mints charge different amounts for printing the same currency notes.

    Reports said the Bharatiya Reserve Bank Note Mudran charges 70 paise and 95 paise for Rs.10 and Rs.20 respectively.

    India's Security Printing and Minting Corporation charges Rs.1.22 and Rs.1.216 for the same notes, while printing Rs.1 notes have become cheaper at 78.5 paise from Rs.1.14.

  • In this article
    RBI How is money issued in India? What decides the volume of currency notes to be printed? Who prints currency notes in India? Zero rupee notes in print? Rs.1 note now printed at a profit
  • About

    RBI

    RBI
  • The Reserve Bank of India is India's central apex bank, headquartered at Mumbai.

    The bank controls all monetary policies in the country, and monitors the circulation of the rupee.

    Headed by Urjit Patel, who serves as Governor, the bank controls reserves worth nearly $363 billion.

    While the RBI printns money now, the printing of currency prior to 1935 was undertaken by the Indian government.

  • Money circulation

    How is money issued in India?

    How is money issued in India?
  • Although the RBI exercises control over printing the currency notes, the government decides on what the denominations and design for the notes should be.

    The Reserve Bank now controls the printing of currency notes of up to Rs.10,000, and anything higher would require the government to amend the Reserve Bank of India Act.

    With RBI handling currency notes, the government handles minting of coins.

  • Do you know?

    What decides the volume of currency notes to be printed?

  • In a financial year, the volume of currency notes to be printed for the year is decided by the RBI. This is decided on the basis of India's growth rate, demand for replacement of soiled notes and reserve requirements.

  • Currency notes

    Who prints currency notes in India?

    Who prints currency notes in India?
  • At present, the RBI prints banknotes at various printing presses across the country.

    The notes are printed at Currency Note Press in Nashik, Bank Note Press in Dewas, the Bharatiya Reserve Bank Note Mudran at Salboni and Mysore and the Watermark Paper Manufacturing Mill.

    The Rs.1 note which is not in circulation since 1994, is now in print from last year.

  • Do you know?

    Zero rupee notes in print?

  • Nearly nine years ago, an NGO in India started issuing and circulating zero-rupee notes in the country using the design of the fifty-rupee notes. This was circulated as a protest against bribery and corruption in the country, and over 2.5 million notes are in circulation.

  • 07 Nov 2016

    Rs.1 note now printed at a profit

    Rs.1 note now printed at a profit
  • In an RTI filing, the RBI revealed that two mints charge different amounts for printing the same currency notes.

    Reports said the Bharatiya Reserve Bank Note Mudran charges 70 paise and 95 paise for Rs.10 and Rs.20 respectively.

    India's Security Printing and Minting Corporation charges Rs.1.22 and Rs.1.216 for the same notes, while printing Rs.1 notes have become cheaper at 78.5 paise from Rs.1.14.

  • India
  • Urjit Patel
  • Reserve Bank Of India
  • RBI
  •  
Latest News
  • 2021 Volkswagen Arteon sedan to be launched in India soon?
    2021 Volkswagen Arteon sedan to be launched in India soon?
    Auto
  • Use less plastic, more eco-friendly material: PM to toy manufacturers
    Use less plastic, more eco-friendly material: PM to toy manufacturers
    India
  • Anurag Kashyap's daughter Aaliyah opens up about receiving rape threats
    Anurag Kashyap's daughter Aaliyah opens up about receiving rape threats
    Entertainment
  • Pune becomes India's second worst-hit city by COVID-19 after Delhi
    Pune becomes India's second worst-hit city by COVID-19 after Delhi
    India
  • COVID-19: Cabinet Secretary to hold review meeting with eight states
    COVID-19: Cabinet Secretary to hold review meeting with eight states
    India
Trending Topics
Bharti Airtel Mukesh Ambani WhatsApp Reliance Jio OPPO Isha Ambani Gross Domestic Product
Next News Article
Share
Cancel

Want to share it with your friends too?

Facebook Whatsapp Twitter Linkedin
Copied

Love Business news?

Subscribe to stay updated.

Business Thumbnail
India News Business News World News Politics News Sports News Science News Entertainment News Auto News Lifestyle News Inspirational News
Career News Bengaluru News Delhi News Mumbai News Bharti Airtel Mukesh Ambani Indian Premier League Samsung Virat Kohli Rohit Sharma
Cricket News YouTube Hollywood News WhatsApp Bollywood News ISRO Yoga Honda Batman Football News
BMW Vaccine Reliance Jio OPPO Food News, Healthy Recipes Royal Challengers Bangalore Toyota Fashion Tips Farmers Protest Mohammed Bin Salman
Mercedes Europa League Isha Ambani India Vs England Cricket OnePlus Mobiles Android TV Smart TV Marvel Comics Avengers Neha Kakkar
Premier League Big Bang Theory X-Men TATA
About Us Privacy Policy Terms & Conditions Contact Us News Reviews News Archive Topics Archive Find Cricket Statistics
Follow us on
Facebook Twitter Linkedin Youtube
All rights reserved © NewsBytes 2021