The cost of printing Rs 10 note is more than that of Rs 20 note.
The cost of printing notes has increased due to rising inflation.
The printing and management of currency in India is controlled by the Reserve Bank of India (RBI), while the Government of India is responsible for regulating denominations. RBI has the right to print notes of maximum Rs 10,000. The central government and the RBI have to incur significant expenses for printing currency notes that are widely used by people on a daily basis. The cost of printing notes has increased due to rising inflation. Paper and ink prices are going to skyrocket from 2021. Interestingly, the RBI spends more on printing Rs 200 notes than it spends on Rs 500 notes.
The cost of printing Rs 10 note is more than that of Rs 20 note. The government has to spend more on the production of coins than on printing notes.
It costs more to print 1000 Rs 10 notes than 1000 Rs 20 notes
960 to print 1000 notes of Rs 10 in the financial year 2021-22 (FY22), according to information obtained through an RTI request from printing company Bharatiya Reserve Bank Note Mudran Limited (BRBNMPL), as reported by Moneycontrol It cost Rs. Hence the cost of printing a Rs 10 note came to 96 paise. On the other hand, RBI spent Rs 950 to print 1000 notes of Rs 20, i.e. the cost per note was 95 paise. Therefore, it costs more to print 1000 notes of Rs 10 than 1000 notes of Rs 20. In FY22, the cost of printing 1,000 Rs 50 notes for the RBI was Rs 1,130, while the cost of 1,000 Rs 100 notes was Rs 10. 1,770.
Printing cost of Rs 200 note is high
It is said that RBI had to spend Rs 2,370 to print 1000 notes of Rs 200, which are in great demand at this time. However, it is worth noting that the cost of printing Rs 500 notes is lower than that of Rs 200 notes. Specifically, the cost of printing 1,000 Rs 500 notes is Rs 2,290.
printing of currency notes
Currency notes are printed in four presses located in the country, two of which are owned by the RBI and the other two by the central government. The RBI presses are located at Mysore and Salboni, while the government presses are located at Nashik and Dewas. At present, the highest denomination note in the country is the Rs 2,000 note, which is currently not being produced by the RBI.
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