Question

How is currency printed in India?

Answer 1

1. In 1925, the British government established a government press at Nasik in Maharashtra
2. Currencies were printed three years later.
3. In 1974, a press was started in Dewas, Madhya Pradesh.
4. In the 1990s two more presses were started in Mysuru, Karnataka, and Salboni in West Bengal to print banknotes.
5. The Reserve Bank of India has the authority to decide the value of the currency to be printed and how the amount should reach its destination safely.
6. Though the RBI has the power to print up to ten thousand rupee notes, at present a maximum of up to rupees two thousand is printed.