Notes of different denominations are printed y Presses of Security Printing and Minting Corporation of India Limited (SPMCIL), a wholly owned Central Public Sector Enterprise under the Department of Economic Affairs and Bharatiya Reserve Bank Note Mudran (P) Limited (BRBNMPL), a wholly owned subsidiary of Reserve Bank of India (RBI), as per the specifications/security features introduced as part of 2005 series banknotes.

 Under the provisions of the Reserve Bank of India Act, 1934, RBI has the sole right to issue bank notes of denominational value of ₹ 2 and above. All bank notes are guaranteed by the Government of India. All bank notes issued by RBI are genuine and RBI is responsible for maintaining the quality of banknotes in circulation.

 This was stated by Shri Jayant Sinha, Minister of State in Ministry of Finance in written reply to a question in the Lok Sabha today.

Sole right to issue banknotes affirmed; government guarantee and central bank responsibility for note quality maintained. Banknotes are printed by designated public-sector presses and a central-bank subsidiary according to the 2005 series technical specifications and security features. Under the Reserve Bank of India Act, 1934 the central bank has the exclusive legal entitlement to issue banknotes of specified denominations; all banknotes carry a government guarantee and the central bank is responsible for maintaining their authenticity and quality in circulation.