Which note takes how much money to print? Know which note was printed for the first time by RBI

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Which note takes how much money to print? Know which note was printed for the first time by RBI
Which note takes how much money to print? Know which note was printed for the first time by RBI
Why Is Technology So Much Cheaper In China Than India? Many People Don’t Know Diwali : You Should Do These 8 Most Important Traditions Before Diwali 10 Countries Whose Currency Worth More Than The Indian Currency ,Check Here Crying Daily Can Make You Healthy, You Will Be Shocked To Know How

Almost everyone has colorful notes. But very few people know how much it costs to print these notes. Do you have colored notes of Rs 100, 50, 500, 2000 in your pocket too? Do you know how much money it costs to print them? So let’s talk today about who issues the notes, who prints, how many notes are printed, and how much does it cost?

The Reserve Bank of India (RBI) has the authority to issue currency in India. According to media reports, RBI follows the minimum reserve system rule for printing notes. This rule was made in the year 1956. Reserve Bank always has to keep a minimum reserve of Rs 200 crore against currency note printing. In this, it is necessary to keep the gold of Rs 115 crore and foreign currency of Rs 85 crore.

At present, Rs 2000, 500, 200, 100, 50, 20, 10, 5, 2 and 1 rupee notes are in circulation in the country. One thousand notes were out of circulation after demonetization in 2016.

The first note of Rs 5 was printed

Reserve Bank of India was established on 1st April 1935. That is, it was established even before independence. In the year 1938, three years after its establishment, in January, the RBI issued a currency note of 5 rupees for the first time. The picture of King George VI was printed on this note. Meaning 9 years before independence, the Reserve Bank had issued its first currency. After this, Rs 10 notes, Rs 100 notes were issued in March and currency notes of Rs 1,000 and Rs 10,000 were issued in June.

How much does it cost to print which note?

The Reserve Bank of India has a different cost in printing each note. RBI has to spend Rs 2.93 per note in printing Rs 200 notes. The picture of Sanchi Stupa is printed on the 200 rupee note. Similarly, it costs Rs 2.94 per note to print Rs 500 notes. The picture of Red Fort is printed on this note.

Similarly, the cost of printing Rs 2000 note comes to Rs 3.54 per note. This is the largest note in the country. The picture of Mangalyaan is printed on it. It was issued by RBI after demonetization. Before this note was a 1000 rupees note, which was discontinued during demonetization.

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