RBI or Government, who takes the decision to print notes? Know what is the whole matter
who prints the currency notes in India: You must be aware that recently the Reserve Bank of India has taken out the Rs 2000 note from circulation. If we are talking about Indian currency notes, do you know where the notes that you use every day in India are printed? If you do not know about it, then today we will tell you about the printing person.
HR Mandi Bhav News, who prints the currency notes in India: You must be aware that recently the Reserve Bank of India has taken out the Rs 2000 note from circulation. If we are talking about Indian currency notes, do you know where the notes that you use every day in India are printed? If you do not know about it, then today we will tell you about the printing person.
The Kalamkar News, who prints the currency notes in India: What will you do when you get a note printing machine? You will not delay at all in answering the question and will say that you will print the notes. The matter is not as simple as it seems. Even those who have a note printing machine cannot print notes. Let us know how notes are printed, who prints them and how much does it cost?
Who prints notes?
The Government of India and the Reserve Bank of India have the right to print Indian currency notes. Only the Reserve Bank prints rupee notes.
The Finance Ministry issues the one rupee note. Furthermore, the Reserve Bank of India has the right to print any type of currency notes.
How is the decision to print notes taken?
The Reserve Bank of India (RBI) cannot alone take the decision to print notes. He will have to take permission from the government for this.
The government also takes full consultation with RBI before taking this decision. Only after this the final decision is taken. The Reserve Bank of India or the Government of India can take such decisions only after keeping in mind several rules.
What are the rules for printing notes?
Reserve Bank of India (RBI) makes a rule called Minimum Reserve System for printing notes. Minimum Fund System is also its name. This law was made in 1956. RBI is allowed to print notes as per requirement after keeping foreign securities worth Rs 200 crore and gold worth Rs 115 crore as collateral.
Where are notes printed
Notes are printed only in government publications. There are four printing centers in the country – notes are printed in Dewas, Mysore, Salboni and Nashik.