who make coins in India


While there are different entities involved in the process of making coins in India, the key players are:

Designing and Minting:

  • The Government of India: Ultimately holds the sole right to mint coins as per the Coinage Act, 1906. The designing and production of coins fall under the responsibility of the Government of India.
  • Security Printing and Minting Corporation of India Ltd. (SPMCIL): This government-owned company operates four mints located in Mumbai, Hyderabad, Kolkata, and Noida. These mints handle the actual physical production of coins using designs provided by the government.

Distribution and Circulation:

  • Reserve Bank of India (RBI): While they don’t mint the coins themselves, the RBI plays a crucial role in their distribution and circulation. They receive the minted coins from SPMCIL and release them into the economy through banks and other financial institutions.

So, to summarize:

  • Government of India: Designs and has the sole right to mint coins.
  • SPMCIL: Mints the coins based on government designs.
  • RBI: Distributes and circulates the minted coins.
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