Scroll Top

search-icon
    drop-arrow

    Cash

    Introduction

    In economics, cash, such as banknotes and coins, is money in the physical form of currency. Cash is current assets in bookkeeping and finance, with currency or currency equivalents that can be accessed immediately or near-immediately.

    Money is seen either as a reverse for payment, in the case of systemic or accidental negative cash flow, or as a way of avoiding a financial market downturn.

    Indian Government Role

    Security Printing & Minting Corporation India Ltd (SPMCIL) is a Mini Ratna Central Public Sector Enterprise (CPSE). It is wholly owned by the Government of India, i.e. Schedule "A" Company of the Government of India and was incorporated with its registered office in New Delhi on 13 January 2006.

    The corporation is engaged in the production/manufacture of currency and banknotes, security paper, non-judicial stamp papers, postal stamps & stationery, travel documents, passport and visa, security certificates, cheques, bonds, warrants, etc.

    Currency Printing Press

    SPMCIL is comprised of two currency printing presses: Currency Note Press (CNP) in Nashik and Bank Note Press (BNP) in Dewas. The two units are engaged in the manufacture of banknotes for India as well as several foreign countries, including Iraq, Nepal, Sri Lanka, Myanmar, and Bhutan.

    The two units print over 40 per cent of the currency notes circulated in India. Such systems are fitted with facilities for drafting, gravure, full pre-printing and offset, intaglio printing machines, numeration and finishing machines, etc.

    The CNP was founded in 1928 as the first printing press for banknotes in India. After demonetisation of the old Rs.500 and Rs.1000 notes, they are currently responsible for printing the new Rs.500 notes.

    Currency is also printed by two presses of Bharatiya Reserve Bank Note Mudran Private Limited, a wholly-owned Reserve Bank of India subsidiary. They are responsible for printing the new Rs.2000 notes, and speculations say that printing the Rs.500 notes will also move to those presses for better speed and fewer errors. BNP also has an ink factory which produces safety printing inks.

    Index

    Clear offers taxation & financial solutions to individuals, businesses, organizations & chartered accountants in India. Clear serves 1.5+ Million happy customers, 20000+ CAs & tax experts & 10000+ businesses across India.

    Efiling Income Tax Returns(ITR) is made easy with Clear platform. Just upload your form 16, claim your deductions and get your acknowledgment number online. You can efile income tax return on your income from salary, house property, capital gains, business & profession and income from other sources. Further you can also file TDS returns, generate Form-16, use our Tax Calculator software, claim HRA, check refund status and generate rent receipts for Income Tax Filing.

    CAs, experts and businesses can get GST ready with Clear GST software & certification course. Our GST Software helps CAs, tax experts & business to manage returns & invoices in an easy manner. Our Goods & Services Tax course includes tutorial videos, guides and expert assistance to help you in mastering Goods and Services Tax. Clear can also help you in getting your business registered for Goods & Services Tax Law.

    Save taxes with Clear by investing in tax saving mutual funds (ELSS) online. Our experts suggest the best funds and you can get high returns by investing directly or through SIP. Download Black by ClearTax App to file returns from your mobile phone.

    Cleartax is a product by Defmacro Software Pvt. Ltd.

    Company PolicyTerms of use

    ISO

    ISO 27001

    Data Center

    SSL

    SSL Certified Site

    128-bit encryption