Printing of 200 rupees note is the most expensive, how much does the printing of which note cost, read details

New Delhi: Just as the value of our money is increasing due to rising inflation, RBI is also spending more on printing notes. In a statement sought under the Right to Information (RTI) Act, the Reserve Bank of India (RBI) said that the printing of Rs 200 notes was the highest cost. A Businessline report […]
 


Printing of 200 rupees note is the most expensive, how much does the printing of which note cost, read details

New Delhi: Just as the value of our money is increasing due to rising inflation, RBI is also spending more on printing notes. In a statement sought under the Right to Information (RTI) Act, the Reserve Bank of India (RBI) said that the printing of Rs 200 notes was the highest cost.

A Businessline report quoted RTI as saying that printing Rs 200 notes is more expensive than Rs 500. RBI said in its RTI reply that printing of Rs 10 notes cost more than printing of Rs 20 notes. Apart from the high prices of paper, the cost of printing notes is also increasing due to rising prices of other commodities. However, RBI has almost stopped printing Rs 2,000 notes now.

What is the cost of printing which note?

According to the Reserve Bank, at present, the cost of printing Rs 10,000 note is Rs 960, while the cost of printing Rs 20 note is only Rs 950. In other words, printing 10 notes costs more than Rs 20. Similarly, Rs 2,290 has to be spent on printing Rs 500 notes, while a total of Rs 2,370 has to be spent on printing Rs 2,000 notes. At present, if Rs 2,000 notes are released, the highest cost of printing is on Rs 200 notes.

The price of printing 50 rupee notes has increased the most

If we talk about the increase in the cost of printing of notes in a year, then the maximum impact has been on the printing of Rs 50 notes. The RBI said that the cost of printing Rs 50,000 notes in the financial year 2020-21 was Rs 920, which has increased by 23 per cent to Rs 1,130 in 2021-22. The biggest impact has been on the printing of 20 rupee notes. While Rs 940 was spent on printing Rs 20,000 notes in 2020-21, Rs 950 was spent on it in the last financial year.

Notes are printed at four places in the country

The Reserve Bank and the Central Government jointly print notes at four places in the country. Two of these presses are owned by the RBI, while two are operated by the central government. Both the RBI presses are located at Mysore and Salboni, while the central government presses are located at Nashik and Dewas. However, only the central government has the right to mint coins. Coins are minted in the country in Mumbai, Hyderabad, Kolkata and Noida.