RBI projects requirement of currency notes based on:
In consultation with the government, orders are placed with the presses.
The high-security banknote paper designed, produced, and supplied by currency paper mills in Mysuru and Hoshangabad, which together produce 18,000 metric tonnes of notepaper annually. Banknote paper can also be imported.
Some embedded security features, such as the multi-tonal, three-dimensional watermark, micro lettering, and security threads are incorporated in Mysuru and Hoshangabad. An R&D team works constantly to review and improve security features
Once the security paper is ready, it is sent to the four note printing presses at Mysuru, Salboni, Dewas and Nashik, where additional security features are added.
Notes printed in sheets before being telescopically numbered, cut. There are 100 notes in a packet, 10 packets in a bundle. There are 40 ₹ -2,000 notes in each sheet.
Once printed, the notes moved from RBI and to the coffers of commercial banks, with security arranged by state governments⟋police.
8,800 vans of seven registered cash logistics firms carry cash to ATMs. The machines have four cassettes for notes of different denominations, which are currently being recalibrated for the new currency sizes.
To ferry cash to particularly remote areas such as some places in the Northeast and Jammu & Kashmir, helicopters or fixed wing aircraft may be used. Typically, in a remote area, an ATM needs to be loaded only once in 6 days.
✍Examrace Team at Aug 27, 2021