Who Issues Currency Notes and Coins in India?

Last updated at April 16, 2024 by

Who Issues Currency Notes and Coins in India?

Normally Coins are issued by Govt of India

and

Currency Notes are issued by RBI

 

Exception

Rs 1 Currency note is issued by Govt of India (and not RBI)

Who Issues Currency Notes and Coins In India - Teachoo.JPG

Multiple Choice Questions

Which of the following statements is/are correct:

  1. Rs1 note is issued by the RBI.
  2. Coins are issued by the Government of India.
  3. Both statements are true.
  4. Both statements are false.
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Transcript

Who Issues Currency Notes and Coins In India? Issued by Govt of India Issued By RBI Coins Rs 1 Note All other Notes

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Maninder Singh

CA Maninder Singh is a Chartered Accountant for the past 14 years and a teacher from the past 18 years. He teaches Science, Economics, Accounting and English at Teachoo