BANKING AFFAIRS

Detailed explanation-1: -Q. Where was the first printing press for bank notes setup in India? Notes: Currency Note Press (CNP), Nasik, Maharashtra was established in 1928. It was the first printing press for bank notes in India.

Detailed explanation-2: -Recognising that production of currency notes is a strategically important activity, the then Government of India set up a currency printing press at Nashik in Maharashtra in 1928.

Detailed explanation-3: -Indian currency notes are printed in Nashik, Maharastra. The two mills at Hoshangabad in Madhya Pradesh and Mysore, Karnataka design, produce and supply the paper on which currency is printed to printing presses.

Detailed explanation-4: -With the establishment of the Currency Note Press at Nasik in 1928, currency notes came to be progressively printed in India.

Detailed explanation-5: -The first printing press of India Currency Note Press (CNP) was established in 1928 for printing bank notes in India. This press is located in Nashik, Maharashtra. Bank Note Press (BNP) was established later.