What is SPMCIL & BRBNMPL?

BRBNMPL-SPMCIL

We are in the digital era right, we prefer to use digital currency but still, we love to keep notes and coins in our pocket right. Today we are going to discuss under which authority? How the currency notes and coins are produced we are going to discuss note press, mints & paper mill that are responsible for the production of currency notes. There are two organizations namely SPMCIL & BRBNMPL that comes into our mind when we talk about currency notes.

SPMCIL

  • Security Printing & Minting Corporation of India limited
  • Established in 2006
  • Established under the Companies Act, 1956
  • HQ – New Delhi
  • CMD – Mr Anurag Agrawal
  • Owned by – Government of India
  • Under the administrative control of Department of Economic Affairs, Ministry of Finance.
  • Engaged in the production of banknotes, Coins, Non-judicial Stamps, Postage Stamps & other government documents
  • It has a total of 9 units
  • It consists of
    1 ) 4 Presses – ( 2 CurrencyPrinting Press & 2 Security Printing Press )
    2 ) 4 Mints
    3 ) 1 Papermill

4 Presses are as below

1 ) Currency Note Press – Nashik, Maharashtra ( Currency Printing Press)
2 ) Bank Note Press – Dewas, Madhya Pradesh ( Currency Printing Press)
More than 40% of Currency Notes circulated in India are printed by these 2 units
3 ) India Security Press – Nashik, Maharashtra
(Security Printing Press )
4 ) Security printing press – Hyderabad, Telangana
(Security Printing Press )

  • 4 Mints are as below
    1 ) Mumbai
    2 ) Hyderabad
    3 ) Kolkata
    4 ) Noida
  • All the Mints together is called as IGM i.e. Indian Government Mints
  • 1 Papermill – Hoshangabad, Madhya Pradesh ( Est. 1968 )

Papermill produces paper for banknotes & Stamps

BRBNMPL

  • Bhartiya Reserve Bank Note Mudran Private Limited
  • Subsidiary of RBI
  • Est. – 5 Feb 1995
  • HQ- Bangalore, Karnataka
  • Was established to meet the increasing demand for banknotes
  • Consist of 2 Printing Presses
    1 ) Mysore, Karnataka
    2 ) Salboni, West Bengal
  • World Record For printing the most number of currency in 2016-2017

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