The Government of
India has the sole right to mint coins. The responsibility for coinage
vests with the Government of India in terms of the Coinage Act, 1906 as
amended from time to time. The designing and minting of coins in various
denominations is also the responsibility of the Government of India. Coins
are minted at the four India Government Mints at Mumbai, Alipore(Kolkata),
Saifabad(Hyderabad), Cherlapally (Hyderabad) and NOIDA (UP).
The coins are issued for
circulation only through the Reserve Bank in terms of the RBI
Coins in India are presently
being issued in denominations of 10 paise, 20 paise, 25 paise, 50 paise,
one rupee, two rupees and five rupees. Coins upto 50 paise are called
'small coins' and coins of Rupee one and above are called 'Rupee Coins'.
Coins can be issued up to the denomination of Rs.1000 as per the Coinage
Coins are received from the Mints
and issued into circulation through its Regional Issue offices/sub-offices
of the Reserve Bank and a wide network of currency chests and coin depots
maintained by banks and Government treasuries spread across the country.
The RBI Issue Offices/sub-offices are located at Ahmedabad, Bangalore,
Belapur (Navi Mumbai), Bhopal, Bhubaneshwar, Chandigarh, Chennai,
Guwahati, Hyderabad, Jammu, Jaipur, Kanpur, Kolkata, Lucknow, Mumbai,
Nagpur, New Delhi, Patna and Thiruvananthapuram. These offices issue coins
to the public directly through their counters and also send coin
remittances to the currency chests and small coin depots. There are 4422
currency chest branches and 3784 small coin depots spread throughout the
country. The currency chests and small coin depots distribute coins to the
public, customers and other bank branches in their area of operation. The
members of the public can approach the RBI offices or the above agencies
for requirement of coins.
- Coin Dispensing Machines have
been installed at select Regional Offices of the Reserve Bank on pilot
- Dedicated Single-window
counters have been opened in several of the Reserve Bank's offices for
issuing coins of different denominations packed in pouches.
- Mobile counters are being
organised by the Reserve Bank in commercial and other important areas of
the town where soiled notes can be exchanged for
The Bank, with
active co-operation from various agencies, has been endeavouring to
distribute the coins in an equitable manner to all parts of the country.
The mission cannot be successful without unstinting support from the
people at large and the various voluntary agencies. Members of public are
requested to avoid holding on to coins and instead, use them freely for
transactions to ensure that there is a smooth circulation of coins.
Voluntary agencies are requested to educate the public about the various
facilities available in their areas for distribution of coins, exchange of
soiled notes and proper handling of notes.
on Indian Coins