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
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 Act, 1906.
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.
Measures to improve the supply of coins
- The various Mints in the country have been modernised and upgraded to enhance their
- Government has in the recent past, imported coins to augment the indigenous production.
Notes in denomination of Rs.5 have been reintroduced to supplement the supply of
New initiatives for distribution
- Coin Dispensing Machines have been installed at select Regional Offices of the Reserve
Bank on pilot basis.
- Dedicated Single-window counters have been opened in several
of the Reserve Bank's offices for issuing coins of different denominations packed
- 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 coins.
Appeal to the Public
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.