Author Topic: RTI Query: Printing Cost of Indian Banknotes  (Read 3836 times)

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Offline Bimat

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RTI Query: Printing Cost of Indian Banknotes
« on: September 22, 2011, 05:53:03 PM »
See the corresponding article in Hindi here.

In an answer to RTI inquiry, government of India has disclosed the amount it spends for printing 7 different denominations which are currently in circulation. (Rs 5-Rs 1000). There are two major printing authorities in India: SPMCIL and BRBNMPL. First number denotes printing cost per note for SPMCIL and second number shows printing cost per note for BRBNMPL.

Rs 5: 85 Paise, 58 Paise
Rs 10: 92 Paise, 64 Paise
Rs 20: Rs 1.17, 95 Paise
Rs 50: Rs 1.54, Rs 1.04
Rs 100: Rs 1.89, Rs 1.34
Rs 500: Rs 3.09, Rs 2.40
Rs 1000: Rs 3.95, Rs 2.69

Aditya
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Offline Abhay

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Re: RTI Query: Printing Cost of Indian Banknotes
« Reply #1 on: September 22, 2011, 06:10:15 PM »
The hindi article says that the Currency Notes are being misused in India for making Garlands.

The first image shows the USE of Currency Notes for Garlanding Mayawati.
The second image shows a Groom wearing a Currency Garland.

Abhay
INVESTING IN YESTERDAY

Offline Coinsforever

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Re: RTI Query: Printing Cost of Indian Banknotes
« Reply #2 on: September 22, 2011, 10:29:35 PM »
Cost of printing for both the authorities in terms of percentage for smaller denomination notes  is high with respect to higher denomination notes which is low.

For example 

Rs. 5 /- note printing cost is 17% and 11.6 % respectively .
Rs.100/- note printing cost is 2 % and  1.5 % respectively.
Rs. 1000/- note printing cost is 0.4 % and 0.3 % respectively.

Round off the percentage for Rs.100 & Rs.1000



Further if we add paper cost , security, logistics & handling cost final conclusion would be easy to explore.

Cheers ;D



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Offline srinath

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Re: RTI Query: Printing Cost of Indian Banknotes
« Reply #3 on: September 01, 2012, 11:22:25 AM »
I just came across an article on rediff where they have mentioned the following info

Denomination: Rs 10
Printing cost (per 1,000 notes): Rs 660 (Bhartiya Reserve Bank Note Mudran Pvt Ltd)
Printing cost (per 1,000 notes): Rs 946 (Security Printing and Minting Corporation of India Ltd)

Denomination: Rs 20
Printing cost (per 1,000 notes): Rs 940 (Bhartiya Reserve Bank Note Mudran Pvt Ltd)
Printing cost (per 1,000 notes): Rs 1,160 (Security Printing and Minting Corporation of India Ltd)

Denomination: Rs 50
Printing cost (per 1,000 notes): Rs 1,635 (Bhartiya Reserve Bank Note Mudran Pvt Ltd)
Printing cost (per 1,000 notes): Rs 946 (Security Printing and Minting Corporation of India Ltd)


Denomination: Rs 100
Printing cost (per 1,000 notes): Rs 1,200 (Bhartiya Reserve Bank Note Mudran Pvt Ltd)
Printing cost (per 1,000 notes): Rs 1,408 (Security Printing and Minting Corporation of India Ltd)

Denomination: Rs 500
Printing cost (per 1,000 notes): Rs 2,450 (Bhartiya Reserve Bank Note Mudran Pvt Ltd)
Printing cost (per 1,000 notes): Rs 2,530 (Security Printing and Minting Corporation of India Ltd)

Denomination: Rs 1,000
Printing cost (per 1,000 notes): Rs 2,670 (Bhartiya Reserve Bank Note Mudran Pvt Ltd)
Printing cost (per 1,000 notes): Rs 3,159 (Security Printing and Minting Corporation of India Ltd)


http://www.rediff.com/business/slide-show/slide-show-1-how-much-it-costs-to-print-bank-notes-find-out/20120828.htm

Offline Bimat

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RTI Query: Printing Cost of Indian Banknotes
« Reply #4 on: September 05, 2015, 09:01:52 AM »
A new RTI query, new printing costs! :D In most of the cases, the printing cost per banknote has reduced compared to 2011. What could be the reason for it? RBI claims that new security features are added to banknotes every year, so printing cost should go up? ???

Aditya
It is our choices...that show what we truly are, far more than our abilities. -J. K. Rowling.

Offline dheer

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Re: RTI Query: Printing Cost of Indian Banknotes
« Reply #5 on: September 05, 2015, 02:15:02 PM »
Well we are expecting that book keeping at these places is accurate ...  ;D
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Offline Pabitra

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Re: RTI Query: Printing Cost of Indian Banknotes
« Reply #6 on: September 05, 2015, 03:59:06 PM »
Cost comes down when better economies of scale are realised.

In addition, now more of paper is indigenous.