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Security Printing and Minting in India

The Security Printing & Minting Corporation of India Ltd. (SPMCIL) is a Mini-Ratna Central Public Sector Enterprise (CPSE).

It is a wholly owned by Government of India Schedule "A" Company of the Government of India and was incorporated on 13 January 2006 with its registered office at New Delhi.

The Corporation is engaged in the manufacture / production of Currency and Bank Notes, Security Paper, Non-judicial Stamp Papers, Postal Stamps & Stationery, Travel Documents viz., Passport and Visa, Security Certificates, Cheques, Bonds, Warrants, Special Certificates with Security Features, Security Inks, Circulation & Commemorative Coins, Medallions, Refining of Gold, Silver and Assay of Precious Metals, etc.

The company was formed in 2006 as the result of corporatisation of security presses and mints functioning under the Indian Ministry of Finance. It contains nine units which have four mints, four presses and a paper mill.

The Corporation was incorporated by taking over two security presses at Nashik and Hyderabad, two currency note presses at Dewas and Nashik, four mints at Mumbai, Kolkata, Hyderabad and Noida and one security paper mill at Hoshangabad which were working under the direct administrative control of the Ministry of Finance and the Department of Economic Affairs.

Currency Printing Presses :

SPMCIL consists of two currency printing presses: the Currency Note Press (CNP) in Nashik and the Bank Note Press (BNP) in Dewas.
The two units are engaged in production of bank notes for India as well as a few foreign countries including Iraq, Nepal, Sri Lanka, Myanmar and Bhutan. More than 40% of Currency Notes circulated in India are printed by the two units.
The Currency Note Press (CNP) was established in 1928 as the first printing press for bank notes in India. They are currently responsible for the printing of the new 500 rupee notes following the demonetisation of the old 500 rupee and 1000 rupee note.
Currency is also printed by the two presses of Bharatiya Reserve Bank Note Mudran Private Limited, a wholly owned subsidiary of Reserve Bank of India.
They are currently responsible for the printing of the new 2000 rupee notes, and speculations suggest that the printing of the 500 rupee notes will also shift to these presses for better speed and fewer errors.
Bank Note Press (BNP) also has an ink factory that produces ink for security printing.

Security Printing Presses :

There are two Security printing presses of SPMCIL, namely the India Security Press (ISP) at Nashik and Security Printing Press (SPP) at Hyderabad.
These presses print the 100% requirement of passports and other travel documents, non-judicial stamp papers, cheques, bonds, warrants, postal stamps and postal stationery and other security products.
The Security Printing Presses have the capability of incorporating security features like chemically reactive elements, various Guilloche patterns, micro lettering, designs with UV inks, bi-fluorescent inks, optical variable inks, micro perforation, adhesive/glue, embossing, die-cutting and personalization, etc.

Mints :

SPMCIL comprises four units of India Government Mint located in the cities of Mumbai, Kolkata, Hyderabad and Noida.
These mints produce circulation coins, commemorative coins, medallions and bullion, as required by the Government of India.

Paper mill :

Security Paper Mill was established in 1968 at Hoshangabad, Madhya Pradesh.
It produces papers for banknotes and non–judicial stamps and further prints with new enhanced unit.
Bank note paper mill India private limited prints paper for Indian currency and located in Mysore.

Gist of Printing and Mints :

1. India Security Press (Nasik Road) –– Postal Material, Postal Stamps, Non-postal Stamps, Judicial and Non-judicial Stamps, Cheques, Bonds, NSC, Kisan Vikas Patra, Securities of State Governments, Public Sector Enterprise and Financial Corporations.

2. Security Printing Press (Hyderabad)–Established in 1982 for meeting the demand for postal material by Southern States. It also fulfills the demand for Union Excise Duty Stamps of the Country.

3. Currency Notes Press (Nasik Road)–Since 1991, this press prints currency notes of Rs. 1, Rs. 2, Rs. 5, Rs. 10, Rs. 50, and Rs. 100. (Earlier printing of Rs. 50 and Rs. 100 currency notes was not done here). They are currently responsible for the printing of the new 500 rupee notes following the demonetisation of the old 500 rupee and 1000 rupee note.

4. Bank Notes Press (Dewas)–Currency notes of Rs. 20, Rs. 50, Rs. 100 and Rs. 500 are printed here.

5. Modernised Currency Notes Press–Two new modernised currency notes press are under establishment at Mysore (Karnataka) and Salboni (West Bengal).

6. Security Paper Hoshangabad (Established in 1967-68) makes production of Bank and Currency notes paper.

7. Coins are minted at four places–Mumbai, Kolkata, Hyderabad and Noida.

Last updated on: 02/10/2019


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