Which institution in India is legally empowered to issue currency notes in denominations other than one rupee?

💡 Solution & Explanation

Under Section 22 of the Reserve Bank of India Act, 1934, the Reserve Bank of India holds the sole monopoly for issuing bank notes across India. One-rupee notes and coins are issued by the Ministry of Finance, bearing the signature of the Finance Secretary. The central bank manages currency distribution through currency chests distributed nationwide. Maintaining adequate supply and ensuring anti-counterfeiting security features are core operational duties of the central bank.