The Institute was established with the prime objective of promoting Indian Numismatic Studies. Working towards this objective, it aims at:

• Creating a research resource centre for Indian Numismatics where the research students can have an unhindered access to the basic research material, i.e. coins from different collections and other research material.

• Building up a most exhaustive library of Indian Numismatics and other allied subjects of Indology.

• Conducting various short-term training programmes in Indian Numismatics for museum and archaeology personnel, students, coin collectors etc.

• Creating awareness about the importance of coins for our history among the students and general public through courses, museum display and publications.

• Providing assistance to the Museums in the preparation of their coin catalogues.

• Carrying out research in Numismatics and allied subjects at the Institute.

• Helping coin collectors in identification, decipherment of their coins.

• Organizing meets, conferences, workshops on various relevant topics of Indian Numismatics.

• Publishing journals, newsletters, monographs on Indian Numismatics and so on.