SPMCIL sets up New Bank Note Printing Lines each at Currency Note Press, Nashik and Bank Note Press, Dewas

Tags: National News

Security Printing and Minting Corporation of India Limited (SPMCIL) under its modernization initiatives has set up New Bank Note Printing Lines each at Currency Note Press (CNP), Nashik and Bank Note Press(BNP), Dewas.

SPMCIL, a Government of India owned Miniratna company, is engaged in the manufacture/production of Currency and Bank Notes, Security Paper, Non-Judicial Stamp Papers, Postal Stamps, Passport, Visa, Cheques, Bond, Warrant, Special Certificates with security features, Security Inks, Circulation & Commemorative Coins, Medallions 

Chairman and Managing Director, SPMCIL - Smt. Tripti Patra Ghosh

There are four currency note printing presses in India.

• Two of the currency note printing presses are owned by The Government of India, which are situated at Nasik(Western India) and Dewas(Central India).
• The other two are owned by the Reserve Bank, through its wholly owned subsidiary, the Bharatiya Reserve Bank Note Mudran Ltd.(BRBNML),which are situated at Mysore(Southern India) and Salboni(West Bengal).

Coins are minted in four mints owned by the Government of India.

• The mints are located at Mumbai, Hyderabad, Kolkata and Noida.