Currency Management

RBI/2017-18/130 DCM (CC) No. 2885/03.35.01/2017-18 February 9, 2018 1. The Chairman & Managing Director / Chief Executive Officer (All Banks having currency chests) 2. The Director Treasuries (State Governments) Madam / Dear Sir, Levy of Penal Interest – Delayed Reporting Please refer to our Master Direction DCM (CC) No.G-2/03.35.01/2017-18 dated October 12, 2017 on captioned subject. 2. Presently, penal interest is levied for all cases where the bank has enjoyed

RBI/2006-2007/283 DCM (NPD) No.6316/09.40.02/2006-07 March 9, 2007 The Chairman & Managing Director / Managing Director / Chief Executive Officer, All Banks having currency chests Dear Sir / Madam, Incentive for improving service to non-chest bank branches Please refer to our circulars DCM (NPD) No. G.30/ 09.39.00/2001-02 dated March 23, 2002 and DCM (NPD) No. G.9 /09.39.00/2002-03 dated September 23, 2002 on the captioned subject. 2. It has been decided to allow

RBI/2005-06/74 DCM(CD)No.816/04.36.03/2005-06 July 25, 2005The Chairman & Managing Directors of banks maintaining Currency Chests Dear Sir/Madam, Computerisation of Currency Chest operations The Reserve Bank of India has taken up a project for computerisation of the currency-related data and accounts. Apart from computerisation of the currency-related data and accounts at the Bank's Issue Offices, the project will cover the following: a. computerisation of the dat

RBI / 2004-05 /372 DCM(NPD) No. 402 /09.39.00/2004-05 February 22, 2005The Chairman / Managing Director, All Banks having currency chests.Dear Sir, Clean Note Policy - Sorting of banknotes As you are aware in order to achieve the objectives of the Clean Note Policy and with the intention of salvaging re-issuable banknotes, banks had been issued directives vide DBOD No. Dir. 42 /13.03.00/2001-02 dated November 7, 2001, instructing, inter alia, to sort banknotes into is