Currency Management

RBI/2013-14/322 DCM (Plg) No. G - 14/10.65.03/2013-14 October 10, 2013 The Chairman & Managing Director / Chief Executive Officer (All Scheduled Commercial banks including RRBs) Madam/ Dear Sir, Monetary Policy Statement for 2013-14-Distribution of Banknotes and Coins – Alternative Avenues Please refer to Para 110 of the Monetary Policy Statement 2013-14 wherein it was stated that “With a view to effectively meeting the growing demand for banknotes and coins in th

RBI/2013-14/244 DCM (Plg) No.G12/10.65.03/2013-14 September 10, 2013 The Chairman & Managing Director / Chief Executive Officer (All Scheduled Commercial banks including RRBs) Madam/ Dear Sir, Monetary Policy Statement for 2013-14 - Distribution of Banknotes and Coins – Alternative Avenues Please refer to Para 110 of the Monetary Policy Statement 2013-14 wherein it was stated that “With a view to effectively meeting the growing demand for banknotes and coins in th

RBI/2013-14/183 DCM (NPD) No. G-11 /09.39.000 /2013-14 August 14, 2013 The Chairman and Managing Director / The Chief Executive Officer All Banks (including Co-operative banks and RRBs) Madam / Dear Sir, Clean Note Policy Please refer Bank’s directive vide DBOD No. Dir. BC. 43/13.03.00/2001-02 dated November 07, 2001 and circular DCM (NPD) No. 5133/09.39.000/2012-13 dated May 10, 2013 on the captioned subject. 2. It has been noticed that at certain branches of banks,

RBI/2013-2014/179 DCM (CC) No. G- 10/03.39.01/2013-14 August 12, 2013 The Chairman & Managing Directors / Chief Executive Officers All Scheduled Commercial banks (Including RRBs and UCBs) Dear Sir/Madam Distribution of Banknotes and Coins - Review of Incentives and Penalties Please refer to paragraph 109 of the Monetary Policy Statement 2013-14 announced on May 03, 2013 (extract enclosed). In this connection, a reference is invited to the Master Circular DCM (CC)

RBI/2012-13/500 DCM (NPD) No.5133/ 09.39.000/2012-13 May 10, 2013 The Chairman and Managing Director / The Chief Executive Officer All Banks (including Co-operative banks and RRBs) Madam / Dear Sir Clean Note Policy In recent periods, instances of certain branches of banks continues to follow old practices like stapling, writing number of note pieces in loose packets on watermark window of notes disfiguring the watermark impression and rendering it difficult for easy

RBI/2012-13/428 DCM (NE) No. 3498 /08.07.18/2012-13 January 28, 2013 The Chairman and Managing Director / The Chief Executive Officer All Banks (including Co-operative banks and RRBs) Madam / Dear Sir Facility for Exchange of Notes and Coins Please refer to paras 130 and 131 of the Monetary Policy Statement 2012-13 of Reserve Bank of India announced on April 17, 2012 (copy enclosed). 2. Consequently, the scope of the guidelines contained in para 1 (a) of our Master Ci

RBI/2009-10/320 DCM(Plg)No. G-18 /10.01.03/2009-10 February 19, 2010 The Chairman and Managing Director / Chief Executive Officer All Scheduled Commercial Banks Dear Sir Setting up of Cash Processing Centres – Recommendation of HLG We invite your attention to issue of a directive DCM (NPD)No. 3158 /09.39.00(Policy)/2009-10 dated November 2009 (issued under cover of our letter DCM(NPD)No. 3161/09.39.00(Policy)/2009-10 also dated 19 November 2009 enjoining upon the bank

RBI/2009-10/228 DCM. No. Cir. NPD.3161/09.39.00 (Policy)/2009-2010 November 19, 2009 The Chairman and Managing Director/ Chief Executive Officer All Scheduled Commercial Banks(Including RRBs)/ Scheduled State Co-operative Banks/ Scheduled (Primary) Urban Co-operative Banks Dear Sir, Sorting / Processing of Notes – Installation of Note Sorting Machines Please refer to paragraph 176 of the Second Quarter Review of Monetary Policy for the year 2009-10 announced on Octobe

RBI/2009-10/205DCM (Plg) No. 2701/10.01.03/2009-10 October 30, 2009 The Chairman / Managing Director All Public / Private Sector Banks Dear Sir Appointment of a Nodal Officer by banks in respect of their Currency Management Operations The High Level Group on Currency Management chaired by Smt. Usha Thorat, Deputy Governor, Reserve Bank of India submitted its Report in August 2009. The Group, inter alia, emphasized the importance of using modern technology and security

24 January 2004RBI/2004/27/03.00/2003-04 The Chairman & Managing Director, All Public/Private Sector Banks. Dear Sir, Withdrawal of old Cupro Nickel and Aluminum Coins Please refer to our letter DCM (RMMT) No.404/11.37.01/2003-04 dated 9th October 2003 regarding reverse flow of coins from the public. It has now been decided by the Government that old coins of value up to Re.1/- made from Cupro-Nickel alloy and Aluminum should be withdrawn and sent to Mints for mel