India Government Mint
Encyclopedia
The India Government Mint operates four mint
s in the country for the production of coins. They are located at:
Under The Coinage Act, 1906, the Government of India
is charged with the responsibility of the production and supply of coins to the Reserve Bank of India
(RBI). The RBI places an annual indent for this purpose and the Government of India draws up the production programme for the India Government Mints on the basis of the indent.
Besides minting coins, the mints at Mumbai
, Kolkata
and Hyderabad also make coin blanks
. Hyderabad, Mumbai and Kolkata mints have gold assaying facilities and the Mumbai mint produces standardised weights and measures.
Commemorative coin
s are made at Mumbai and Kolkata. Kolkata has the facilities for making medallions too. The NOIDA mint was the first in the country to mint coins of stainless steel.
Mint (coin)
A mint is an industrial facility which manufactures coins for currency.The history of mints correlates closely with the history of coins. One difference is that the history of the mint is usually closely tied to the political situation of an era...
s in the country for the production of coins. They are located at:
- MumbaiMumbaiMumbai , formerly known as Bombay in English, is the capital of the Indian state of Maharashtra. It is the most populous city in India, and the fourth most populous city in the world, with a total metropolitan area population of approximately 20.5 million...
, MaharashtraMaharashtraMaharashtra is a state located in India. It is the second most populous after Uttar Pradesh and third largest state by area in India... - KolkataKolkataKolkata , formerly known as Calcutta, is the capital of the Indian state of West Bengal. Located on the east bank of the Hooghly River, it was the commercial capital of East India...
, West BengalWest BengalWest Bengal is a state in the eastern region of India and is the nation's fourth-most populous. It is also the seventh-most populous sub-national entity in the world, with over 91 million inhabitants. A major agricultural producer, West Bengal is the sixth-largest contributor to India's GDP... - Hyderabad, Andhra PradeshAndhra PradeshAndhra Pradesh , is one of the 28 states of India, situated on the southeastern coast of India. It is India's fourth largest state by area and fifth largest by population. Its capital and largest city by population is Hyderabad.The total GDP of Andhra Pradesh is $100 billion and is ranked third...
- NoidaNoidaNoida , short for the New Okhla Industrial Development Area, is an area in India under the management of the New Okhla Industrial Development Authority . Noida came into administrative existence on 17 April 1976 and celebrates 17 April as "Noida Day". It was set up as part of an urbanization...
, Uttar PradeshUttar PradeshUttar Pradesh abbreviation U.P. , is a state located in the northern part of India. With a population of over 200 million people, it is India's most populous state, as well as the world's most populous sub-national entity...
Under The Coinage Act, 1906, the Government of India
Government of India
The Government of India, officially known as the Union Government, and also known as the Central Government, was established by the Constitution of India, and is the governing authority of the union of 28 states and seven union territories, collectively called the Republic of India...
is charged with the responsibility of the production and supply of coins to the Reserve Bank of India
Reserve Bank of India
The Reserve Bank of India is the central banking institution of India and controls the monetary policy of the rupee as well as US$300.21 billion of currency reserves. The institution was established on 1 April 1935 during the British Raj in accordance with the provisions of the Reserve Bank of...
(RBI). The RBI places an annual indent for this purpose and the Government of India draws up the production programme for the India Government Mints on the basis of the indent.
Besides minting coins, the mints at Mumbai
India Government Mint, Mumbai
The India Government Mint, Mumbai is one of the four mints in India is situated in the city of Mumbai . The Mint was established in 1829 by the then governor of the Bombay Presidency. The main activity of the mint is in the production of commemorative and development-oriented coins...
, Kolkata
India Government Mint, Kolkata
The India Government Mint, Kolkata was first established in 1757, and was located in a building next to the Black Hole in the old fort - where the GPO stands today. It was called the Calcutta Mint and used to produce coins with the mint name. Murshidabad-Second Mint:The second Calcutta Mint was...
and Hyderabad also make coin blanks
Planchet
A planchet is a round metal disk that is ready to be struck as a coin. An older word for planchet is flan. They are also referred to as blanks.-History:The preparation of the flan or planchet has varied over the years...
. Hyderabad, Mumbai and Kolkata mints have gold assaying facilities and the Mumbai mint produces standardised weights and measures.
Commemorative coin
Commemorative coin
Commemorative coins are coins that were issued to commemorate some particular event or issue. Most world commemorative coins were issued from the 1960s onward, although there are numerous examples of commemorative coins of earlier date. Such coins have a distinct design with reference to the...
s are made at Mumbai and Kolkata. Kolkata has the facilities for making medallions too. The NOIDA mint was the first in the country to mint coins of stainless steel.