Paisa Bolta Hai -- currency management by RBI
The Reserve Bank of India was established on April 1, 1935 in accordance with the provisions of the Reserve Bank of India Act, 1934.
Management of currency is one of the core central banking functions of the Reserve Bank. In terms of Section 22 of the Reserve Bank of India Act, the Reserve Bank is the sole authority for issue of currency in India. Though the Government of India issues coins, they are put into circulation only through the Reserve Bank of India. This function is carried out by the Department of Currency Management.
Along with the Government of India, the Reserve Bank is responsible for the design and review of banknotes. The Reserve Bank has the objective of ensuring an adequate supply of clean and genuine notes as required by the public.
For other functions of the Reserve Bank, please visit About Us section on www.rbi.org.in
Paisa Bolta Hai -- currency management by RBI Reviewed by sambasivan srinivasan on 10:08:00 PM Rating: