Bharatiya Reserve Bank Note Mudran Private Limited & Security Printing & Minting Corporation of India

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 Bharatiya Reserve Bank Note Mudran Private Limited

(Primary printing of Currency Notes – Under RBI)
  • Bharatiya Reserve Bank Note Mudran Private Limited (BRBNMPL) is a wholly owned subsidiary of Reserve Bank of India which prints bank notes (Indian rupees) for the Reserve Bank of India (RBI).
  • It was established in 1995 to address the demand of bank notes. (Before 1995 currency printing done by SPMCIL)
  • The BRBNMPL has been registered as a Private Limited Company under the Companies Act 1956 with its Registered and Corporate Office situated at Bangalore.
  • The company operates in Indian and global markets, catering to security document needs of Central banks and monetary authorities of the world by designing, printing and supplying banknotes.
  • BRBNMPL supplies a major portion of bank note requirement in the country with the remaining requirements met through Security Printing and Minting Corporation of India Limited (SPMCIL), a public sector undertaking wholly owned by Government of India]
  • BRBNMPL has two presses in Mysuru and Salboni.
  • The present capacity for both the presses is 16 billion note pieces per year on a two-shift basis.
Security Printing & Minting Corporation of India
(Excess need of currency SPMCIL Print. It main purpose to prints Authorization Printing (Govt official letter pad (PM, President letter pad etc…), G-Sec, Bonds, Passport Printing) – Under Finance Ministry.
  • The Security Printing & Minting Corporation of India Ltd. (SPMCIL) is a Mini-Ratna Central Public Sector Enterprise (CPSE).
  • It is a wholly owned by Government of India Schedule "A" Company of the Government of India and was incorporated on 13 January 2006 with its registered office at New Delhi.
  • The Corporation is engaged in the manufacture / production of Currency and Bank Notes, Security Paper, Non-judicial Stamp Papers, Postal Stamps & Stationery, Travel Documents viz., Passport and Visa, Security Certificates, Cheques, Bonds, Warrants, Special Certificates with Security Features, Security Inks, Circulation & Commemorative Coins, Medallions, Refining of Gold, Silver and Assay of Precious Metals, etc…
Coins and Currency notes
  • The Government of India is the issuing authority of coins and supplies coins to the Reserve Bank on demand.
  • The Reserve Bank puts the coins into circulation on behalf of the Central Government.
  • The Issue of money based on Minimum Reserve system. This system is followed from 1957.
  • To Issue money RBI keeps some assets (say gold 115 Cr and Foreign Exchange of 85 crores as a backup).
  • The amount of new money is based on a prevailing economic condition, the need of the economy etc.
  • Currency notes apart from ₹ 1 are issued by RBI.
  • But ₹ 1 Note issued by Government of India – Finance secretary‟s signature will be there instead of RBI Governer.
  • The Printing of ₹ 1 re note stopped in 1995 due to high cost for printing but considered as a legal tender.
  • But recently the government announced to re issue the ₹ 1 note.

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