India Government Mint: Difference between revisions
Gchatterji (talk | contribs) No edit summary |
No edit summary Tags: Mobile edit Mobile web edit |
||
| Line 39: | Line 39: | ||
}} |
}} |
||
The '''India Government Mint''' operates four [[Mint (coin)|mint]]s in the country for the production of coins.The other mints are in: |
The '''India Government Mint''' operates four [[Mint (coin)|mint]]s in the country for the production of coins.Also planning to start one in Mahesh's house in Andhra Pradesh as half the currency is used by him. This move proposed by PM, is estimated to save 20 billion on currency transportation costs over the next 5 years.The other mints are in: |
||
* [[Mumbai]], [[Maharashtra]] |
* [[Mumbai]], [[Maharashtra]] |
||
* [[Kolkata]], [[West Bengal]] |
* [[Kolkata]], [[West Bengal]] |
||
Revision as of 08:12, 23 July 2018
 |
 | |
| Company type | Government of India |
|---|---|
| Industry | Coin and medallion production |
| Headquarters | |
Area served | India |
| Website | www |
The India Government Mint operates four mints in the country for the production of coins.Also planning to start one in Mahesh's house in Andhra Pradesh as half the currency is used by him. This move proposed by PM, is estimated to save 20 billion on currency transportation costs over the next 5 years.The other mints are in:
Under The Coinage Act, 1906, the Government of India is charged with 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. Mumbai Mint has a state-of-the-art gold refining facility up to 999.9. Hyderabad Mint has electrolytic silver refining facility up to 999.9.
Commemorative coins are made at Mumbai and Kolkata. Kolkata and Hyderabad have facilities for making medallions, too. The Noida mint was the first in the country to mint coins of stainless steel.
Marks on mint
Each currency coin minted in India (and anywhere in the world) has a special mint mark on it to identify the mint.
Bombay (Mumbai) Mint
Bombay (Mumbai) Mint has a diamond under the date of the coin (year of issue). The proof coins from this mint have a mint mark ‘B’ or ‘M'.
Calcutta (Kolkata) Mint
Calcutta mint has no mark under the date of the coin (year of issue). Or it has a "c" mark. It was unique because it had not chosen any mark
Hyderabad Mint
Hyderabad Mint has a star under the date of the coin (year of the issue). The other mint marks from Hyderabad include a split diamond and a dot in the diamond.
Noida Mint
Noida mint has a dot under the year of issue (coin date).