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Printing of one rupee note resumes
Posted on: 03/Jul/2015 10:55:52 AM
Central Government had stopped printing of one rupee notes from 1994. Since there is excessive expenditure in printing one rupee note, it has been stopped. Similarly the printing of two rupees and five rupees have also been stopped.
Printing of one-rupee notes, which was stopped in 1994, was recently resumed by the Central government through state-owned Security Printing and Minting Corporation of India (SPMCIL).
The cost of one rupee note is Rs 1.14 (provisionally and unaudited) as determined in accordance with the principle of costing and costing module.
The one rupee note carries the signature of the Union Finance Secretary while other denominations bear the signature of the Reserve Bank of India (RBI) Governor.
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