Do you know how much the govt pays to print a Rs 10 note? -Governance Now

Do you know how much the govt pays to print a Rs 10 note?

An RTI response reveals different public sector undertakings selling currency notes to the government at different prices

GN Bureau | October 21, 2016

#Subhash Chandra Agrawal #RTI #cost of money #RBI #printing cost #currency note

Rs 10 note

Hard cash is not free. In fact, the Rs 10 note costs between 70 paise and Rs 1.12 to print.

An RTI response on the printing cost of currency notes has revealed that different public sector undertakings have different printing-cost and sale-price (to the government) for currency notes. The Reserve Bank of India (RBI) owned Bhartiya Reserve Bank Note Mudran Private Limited (BRBNMPL) sells the notes of Rs 10 and Rs 20 at a cost of 70 paise and 95 paise to the authorities, while the units of central government owned Security Printing & Minting Corporation of India Limited (SPMCIL) sells these notes at a much higher price at Rs 1.22 and Rs 1.216.

The application was filed by RTI activist Subhash Chandra Agrawal. The RTI also sought information regarding the steps taken to reduce the cost of printing of notes. The SPMCIL said that its corporate office doesn’t have the information and directed the query to Currency Note Press (CNP), Nashik and the Bank Note Press (BNP), Dewas to reply to the petitioner. The BRBNMPL, on the hand, denied information stating “the cost of printing bank notes cannot be provided since it is considered as exempted information that falls under the ambit of section 8(1)(a) of the Right to Information Act, 2005.”

Denomination in Rs	SPMCIL		BRBNMPL
	BNP, Dewas	CNP, Nashik
10	-	1.220	0.70
20	1.216	-	0.95
50	-	0.864	1.09
100	1.516	1.544	1.43

Interestingly, a 2015 report by the Institute for Business in the Global Context, revealed that RBI and commercial banks annually spend Rs 21,000 crore ($3.5 billion) to print and circulate currency notes and coins, and to keep them safe. This builds a strong case for the use of digital currency.

Read our cover story on cashless economy: Case against cash

Comments

Other News

El Niño threatens India’s Rabi crops

India’s southwest monsoon ended with a 13% rainfall deficit in 2026, its weakest performance in a decade, raising concerns over agricultural production, water security and the upcoming rabi season. With El Niño expected to persist into early 2027, experts warn that declining soil moisture, dep

Regulating the data advantage: India’s new e-Commerce framework

For over a decade, India’s e-commerce story has rested on a simple premise: platforms connect buyers and sellers, while data fuels efficiency, personalisation, and scale. However, as the market matured, its structure has revealed a growing imbalance. E-commerce platforms, especially marketplace ent

Changing weather patterns, climate change responsible for Nepal floods

The interaction between active Western Disturbances, increased atmospheric moisture and the region’s complex topography aswell as global warming are important factors behind intense rainfall in the Himalayas, leading to flash floods in Nepal, according to meteorologists. Nepal

A right she cannot reach

Last summer, the two of us spent several weeks in rural Madhya Pradesh with a non-profit that works on gender justice through women’s self-help groups. We went in with a notebook full of laws. The Protection of Women from Domestic Violence Act. The Dowry Prohibition Act. Free legal aid for every wo

Tier-2 cities lead India’s digital credit push

Digital payments have become a reflex for urban India, but the confidence earned in paying has not yet carried over to borrowing. That is the central finding of `How Urban India Pays Report 2026`, released by Pahlé India Foundation in collaboration with Amazon Pay. Based on a survey of 5,149 consu

India calls for doubling bilateral trade with UK by 2030

Commerce and industry minister Piyush Goyal has called upon businesses in India and the United Kingdom to translate the opportunities created by the India-UK Comprehensive Economic and Trade Agreement (CETA) into expanded trade, investment, partnerships and job creation. Addressing the Bu