Clean Note Policy

RBI/2012-13/500 DCM (NPD) No.5133/ 09.39.000/2012-13 May 10, 2013 The Chairman and Managing Director / The Chief Executive Officer All Banks (including Co-operative banks and RRBs) Madam / Dear Sir Clean Note Policy In recent periods, instances of certain branches of banks continues to follow old practices like stapling, writing number of note pieces in loose… Read More

Tags: BanknoteChairmanIndiaNetwork packetNoteReserve Bank of IndiaRun batted inWatermark

Record Performance of SPMCIL in Production of Bank Notes, Coins and Security Products During 2012-13

Security Printing & Minting Corporation of India Ltd. (SPMCIL) has achieved all the targets with regard to production of Bank Notes, Coins, Security Products (Passports, NJSPs, Postal Products and other Security Products) and production of the Raw Materials (Security Inks and Security Paper) during the year 2012-13. It has not only met with the original… Read More

Tags: BanknoteBusinessCoinHoshangabadIndiaMintPaper MillSecurity printing

Exchange of Torn Currency

Reserve Bank of India (RBI) has informed that presently the facility of distribution of currency notes and coins through its counters against soiled/torn currency is being extended to the public. Bank notes and coins are distributed in exchange through counters of 19 Regional Offices of RBI and currency chest/bank branches. Public can also tender their… Read More

Tags: Annual Monetary Policy StatementBanknoteCurrencyIndiaLok SabhaMonetary policyrbiReserve Bank of India

SPMCIL Signs a Growth Oriented MoU with the Government for the Financial Year 2013-14

SPMCIL has signed a growth oriented Memorandum of Understanding (MoU) with the Department of Economic Affairs (DEA), Ministry of Finance, setting an ambitious Sales target of Rs. 3407 crores and Gross Operating Margin target of Rs. 511 crores for the fiscal 2013-14. The MoU was exchanged between Additional Secretary, Department of Economic Affairs, Ministry of… Read More

Tags: BanknoteDepartment of Public EnterprisesIndiaMemorandum of understandingministry of financeResearch & DevelopmentSecretary of State for Economic AffairsSPMCIL

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