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 Rs. 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. PIB