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₹50, ₹500 notes now cheaper to print; ₹10, ₹20, ₹100 pricier

₹50, ₹500 notes now cheaper to print; ₹10, ₹20, ₹100 pricier March 09, 2021   The cost of printing currency notes in the denomination of ₹50 and ₹500 has come down, while it has gone up for ₹10, ₹20 and ₹100 notes. According to the information given by the Currency Note Press (a unit of Security Printing and Minting Corporation of India Limited) to an RTI (Right to Information) filed by this correspondent, the standard cost of printing one currency note in the denomination of ₹50 was ₹1.24 in 2018-19, which came down to ₹1.22 in 2019-20. Similarly, the cost of printing one ₹500 note dropped to ₹2.65 from ₹2.71. The cost of printing of each unit of ₹200 in 2018-19 was ₹2.48. However, no cost price was given for FY20. No indent was placed for printing ₹2,000 note in FY20.

Currency press works extra to meet target | India News

Currency Note Press in Nashik NASHIK: The Currency Note Press (CNP) in Nashik has started working on Sundays to meet the note-printing target for the current financial year. The press, which prints currency notes of various denominations, is a unit of the government-owned Security Printing and Minting Corporation of India Ltd (SPMCIL). The Reserve Bank of India has set a target of printing 5,100 million units of currency notes for the current financial year. “The third quarter of the current financial year is about to end and the CNP Nashik has achieved only 50% of its target. It was closed for almost two months from March 22 due to the lockdown and resumed operations in the second half of May with reduced manpower,” said a SPMCIL source.

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