Economics · Currency Issuance

Which institution has the sole statutory authority to issue currency notes (except one-rupee notes) on behalf of the Central Government in India?

Verified Solution4 OptionsUpdated: October 2026👁️1 View

1Security Printing and Minting Corporation of India
2State Bank of India
3Reserve Bank of India✓
4Ministry of Finance

Correct answer

Reserve Bank of India

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Which institution has the sole statutory authority to issue currency notes (except one-rupee notes) on behalf of the Central Government in India?

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Which institution has the sole statutory authority to issue currency notes (except one-rupee notes) on behalf of the Central Government in India?

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