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Major
Functions
This
Division is responsible for:
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Production
of postage stamps and postal stationery like
post-cards, envelopes, inland letter cards, etc
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Production
of a large number of security items like Excise
Duty Stamps, Judicial and Non-judicial stamps,
MICR cheques, Railway Warrants, National Savings
Certificates, Indira Vikas Patras, Kisan Vikas
Patras, Postal Orders etc
Indian
Coins and Currency
Under
The Coinage Act, 1906, the Government of India is
charged with the responsibility of production and
supply of coins to the Reserve Bank of India. 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. Currently coins of the following denominations
are in circulation:
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1
Paisa, 2, 5,10,25 and 50 Paise
The
RBI under the Reserve Bank of India Act has the
authority to issue currency notes in India.
The RBI makes an assessment of the annual
requirement of notes in various denominations after
taking into consideration various factors. Based on
this assessment, the Government of India chalks out
the printing schedules of the security printing
presses.
Indian
currency notes are presently in circulation in the
following denominations:
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1,2,5,10,20,50,100,500
and Rs.1000 denominations
(For
further information regarding Indian Bank Notes and
Coins – Click Here)
India Government Mints and Security Presses
The
Security Printing & Minting Corporation of India
Limited (SPMCIL) was formed after corporatization of
all nine Mints/Presses/Mill which were earlier working
under the Ministry of Finance.
SPMCIL was registered on 13.01.2006 with its
headquarters at Jawahar Vyapar Bhawan, New Delhi.
This is a wholly owned Public Sector
Undertaking of Government of India under Ministry of
Finance.
Security
Printing & Minting Corporation of India Limited (SPMCIL),
has four Mints, two Bank Note Printing Presses, two
Security Printing Presses and one Security Paper Mill.
These units were Departmental Organizations
under Currency and Coins Division of the Department of
Economic Affairs, Ministry of Finance, Govt. of India.
These nine units in the country have been
transferred to SPMCIL w.e.f. 10th February,
2006 along with all assets and liabilities.
These
units are:
This
Mint was established in the year 1829 which is one of
the oldest mints of the Country.
It has got the capacity of minting coins,
medals & further, it is also takes care of
refining of Gold and Silver and other metals.
This
mint was established in 1952 at Kolkata.
Originally, different minting facilities were
created in and around Kolkata in the 18th
Century. One
of the mints was modernized in the year 1952 and it
was then known as Alipore Mint.
Later-on Government of India, renamed it as
India Government Mint, Kolkata.
India
Government Mint, Hyderabad was originally started in
the year 1903 in the Hyderabad city.
However, after modernization, it was
re-located to a place – Cheralapalli, near
Hyderabad in the year 1997.
This is the most modern minting unit in the
country having refining facility as well as facility
to mint coins, medals and medallion.
This
Mint was established in the year 1988.
The Minting facility at Noida takes care of the
requirement of Coins.
This is one of the modern mints in the country.
Currency
Note Press, Nasik Road was established in the year
1928 with the objective of printing Currency Notes of
denominations as per the requirements and indents
placed by Reserve Bank of India from time to time.
Bank
Note Press, Dewas was established in 1973 and it was
notified as commercial Undertaking under Ministry of
Finance. It
prints Bank Notes of Rs.20/-, Rs.50/-, Rs.100/- and
Rs.500/- denominations.
This Press also manufactures security ink for
various security printing organizations.
India
Security Press, Nasik Road was established in the year
1925 and it was notified as commercial industrial unit
under the administrative control of Govt. of India,
Ministry of Finance.
It prints & supplies Judicial/non-Judicial
stamp papers, all types of postal & non-postal
stamps & stationery, passports, visa & other
travel documents, MICR & Non-MICR cheques in
continuous Stationery form, Identity Cards, Railway
Warrants, Income Tax Return Order Forms, Saving
Instruments (IPOs & KVP, IVP Certificates, etc.)
This
organization was established in the year 1967 and it
was notified as commercial industrial unit under the
administrative control of Govt. of India, Ministry of
Finance. It
also prints and supplies low Denomination Judicial
& Non-Judicial Stamp Papers, Postal Stamps &
Postal Stationery to Dept. of Post, etc., covering
mostly the Southern States.
Security
Paper Mill (SPM), Hoshangabad was established in 1968
and it was notified as non-commercial undertaking
under the administrative control of Govt. of India,
Ministry of Finance.
This unit manufactures different types of
Security Papers.
In
order to meet the rising demand for bank notes, the
RBI has set up printing facilities under the Bharatiya
Reserve Bank Note Mudran Limited (BRBNML).
It has two functional units, one each at Mysore,
Karnataka and Salboni, West Bengal.
The BRBNML is under the direct control of RBI.
Acts/rules
Administered
1.
The Coinage Act, 1906.
2.
The Small Coins (Offences) Act, 1971.
3.
The Metal Tokens Act, 1889.
4.
The Currency Ordinance, 1940.
5.
The Legal Tender (Inscribed) Notes Act,
1964.
NAME
& CONTACT ADDRESS OF DIVISION HEAD
Shri
Arvind Mayaram
Joint Secretary (C&C, Infra & IT),
|Department
of Economic Affairs,
Room No.73, North Block,
|New
Delhi – 110 001.
Tele No.23092387 (O)
Email: arvind.mayaram@nic.in
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