India's currency notes printing press is printed at which one of these places?

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JKSSB SI Official Paper (Held On: 07 Dec 2022 Shift 2)
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  1. Salboni
  2. Gurugram
  3. Chennai
  4. Surat

Answer (Detailed Solution Below)

Option 1 : Salboni
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Detailed Solution

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The correct answer is Salboni.

Key Points

  • Salboni, located in West Bengal, is one of the primary currency note printing presses in India.
  • The Reserve Bank of India (RBI) manages the currency note printing through its subsidiary, the Bharatiya Reserve Bank Note Mudran Private Limited (BRBNMPL).
  • Salboni press was established in 1996 to meet the growing demand for currency notes in India.
  • In addition to Salboni, the other major currency printing presses are located in Mysuru (Karnataka), Dewas (Madhya Pradesh), and Nashik (Maharashtra).

Additional Information

  • Bharatiya Reserve Bank Note Mudran Private Limited (BRBNMPL)
    • BRBNMPL is a wholly-owned subsidiary of the Reserve Bank of India.
    • It was established in 1995 to augment the production of banknotes in India.
    • It operates two presses, one in Mysuru (Karnataka) and the other in Salboni (West Bengal).
    • BRBNMPL's primary role is to print banknotes to meet the needs of the Indian economy.
  • Security Printing and Minting Corporation of India Ltd (SPMCIL)
    • SPMCIL is a government-owned corporation responsible for the production of banknotes, coins, and other security documents.
    • It operates two currency note printing presses located in Dewas (Madhya Pradesh) and Nashik (Maharashtra).
    • SPMCIL also manages four mints located in Mumbai, Kolkata, Hyderabad, and Noida.
  • Currency Note Press (CNP), Nashik
    • Established in 1928, CNP Nashik is one of the oldest currency printing presses in India.
    • It is managed by SPMCIL and plays a key role in the production of Indian currency notes.
  • Security Paper Mill (SPM), Hoshangabad
    • SPM Hoshangabad is responsible for manufacturing the security paper used in printing currency notes.
    • It is managed by SPMCIL and is located in Madhya Pradesh.
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