The Reserve Bank of India has a monopoly to print notes in India. The Reserve Bank of India prints all notes except one rupee notes across the country. The Ministry of Finance has the right to print one rupee notes and make all types of coins. While it is to be noted, the Reserve Bank of India has the right to replenish currency (both notes and coins) throughout the country.
How much currency will be printed in India is determined by the minimum reserve system. Since 1957, this system has been working in a similar way across the country. According to this system, RBI has to keep assets worth 200 crores with it, in which it is mandatory to keep gold reserves of Rs 115 crores and foreign currency of Rs 85 crores. After possessing so much property, RBI can print any amount of notes according to the need of the economy. This is called the minimum reserve system.
Where are notes printed? In our country, there are four banknote presses for printing notes and four are mint, the place of coinage is called mint and there is a paper mill for the paper used in printing the notes.
Note Press Dewas (Madhya Pradesh): 265 crore notes are printed in the Note Press of Dewas in a year. Notes worth 20, 50, 100, 500 rupees are printed here. You will be surprised to know that the ink used in notes is also produced in Dewas itself.
Currency Press Note Nashik (Maharashtra): Earlier 1,2,5,10 notes were printed here, but after 1991, 50 and 100 notes were also printed here.
Apart from this, there are note presses in Salboni in West Bengal and Mysore in Karnataka. The first 1000 rupee notes were printed in Mysore.
Now let us know how much it costs to make a note?
It costs Rs 1.14 to print a 1 rupee note, which is the only note whose market value is more than the actual cost.
It costs 48 paise to print a 5 rupee note.
It costs 96 paise to print a 10 rupee note.
It costs 96 paise to print a 20 rupee note.
It costs Rs 1.81 to print a 50 rupee note.
It costs Rs 1.20 to print a 100 rupee note.
It costs Rs 2.15 to print a 200 rupee note.
It costs Rs 2.13 to print a 500 rupee note.
It costs Rs 3.53 to print a 2000 rupee note.
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