Bharatiya Reserve Bank Note Mudran (BRBNM) is a specialised division of

Reserve Bank of India The Reserve Bank of India, chiefly known as RBI, is India's central bank and regulatory body responsible for regulation of the Indian banking system. It is under the ownership of Ministry of Finance, Government of India. It is responsible for ...

which is under the

ownership Ownership is the state or fact of legal possession and control over property, which may be any asset, tangible or intangible. Ownership can involve multiple rights, collectively referred to as title, which may be separated and held by different ...

of Ministry of Finance of the

Government of India The Government of India (ISO: ; often abbreviated as GoI), known as the Union Government or Central Government but often simply as the Centre, is the national government of the Republic of India, a federal democracy located in South Asia, c ...

. It mints Indian bank notes. It was established in 1995 to address the demand of bank notes and coins. It 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. BRBNM supplies a major portion of bank note requirement in the country with the remaining requirements met through

Security Printing & Minting Corporation of India Limited The Security Printing & Minting Corporation of India Ltd. (SPMCIL) is a company under the Department of Economic Affairs, a department under Ministry of Finance. It is responsible for conducting printing and minting activities of the Government ...

(SPMCIL), a

statutory body A statutory body or statutory authority is a body set up by law (statute) that is authorised to implement certain legislation on behalf of the relevant country or state, sometimes by being empowered or delegated to set rules (for example reg ...

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. It made a world record by printing more than 20,000 million pieces of bank notes in financial year 2016–17, It has its own design cell. It has the capability to print all the denominations of Indian bank notes. The other two bank note presses of SPMCIL are Currency Note Press Nashik Road, and Bank Note Presses Dewas.

History

Until 1928, Indian currency was printed by

De La Rue De La Rue plc (, ) is a British company headquartered in Basingstoke, England, that designs and produces banknotes, secure polymer substrate and banknote security features (including security holograms, security threads and security printe ...

, a

British British may refer to: Peoples, culture, and language * British people, nationals or natives of the United Kingdom, British Overseas Territories, and Crown Dependencies. ** Britishness, the British identity and common culture * British English, ...

banknote manufacturing company. The Indian Security Press at

Nashik Nashik (, Marathi: aːʃik, also called as Nasik ) is a city in the northern region of the Indian state of Maharashtra. Situated on the banks of river Godavari, Nashik is the third largest city in Maharashtra, after Mumbai and Pune. Nashik ...

was commissioned by the British Indian Government in the same year and assigned the responsibility of printing Indian currency.

Structure

BRBNMPL is governed by a board of directors, headed by a non-executive DIRECTOR appointed by the RBI.

References

{{Reserve Bank of India Banknote printing companies Reserve Bank of India Banknotes of India Subsidiaries of Reserve Bank of India