BANKING AFFAIRS

Detailed explanation-1: -SPMCIL comprises four units of India Government Mint located in the cities of Mumbai, Kolkata, Hyderabad and Noida. These mints produce circulation coins, commemorative coins, medallions and bullion, as required by the Government of India.

Detailed explanation-2: -Security Printing & Minting Corporation of India Limited – Department of Economic Affairs.

Detailed explanation-3: -SPMCIL is a wholly-owned Schedule ‘A’ Company of the govt. It is engaged in the manufacture of security paper, minting of coins, the printing of currency and banknotes, non-judicial stamp papers, postage stamps, etc.

Detailed explanation-4: -The nine production units are: four India Government Mints, two Currency Note Presses, two Security Printing Presses and one Security Paper Mill located in Mumbai, Kolkata, Hyderabad, Noida, Nashik, Dewas and Narmadapuram.