sitemapHome | Registration | Job Portal for CA's | Expert Exchange | Currency Converter | Post Matrimonial Ads | Post Property Ads
News shortcuts: From the Courts | News Headlines | VAT (Value Added Tax) | Placements & Empanelment | Various Acts & Rules | Latest Circulars | New Forms | Forex | Auditing | Direct Tax | Customs and Excise | ICAI | Corporate Law | Markets | Students | General | Mergers and Acquisitions | Continuing Prof. Edu. | Budget Extravaganza | Transfer Pricing | GST - Goods and Services Tax

Check Your Booth
Details (North)

News Search:
Latest Expert Exchange
Latest Circulars »
 Exim Bank's Government of India supported Line of Credit of USD 500 million to the Government of the United Republic of Tanzania
 RBI-Guidelines on Loan System for Delivery of Bank Credit
 Auction of Government of India Dated Securities December 03, 2018
 Notification No. 94/2018-CUSTOMS Central Board of Indirect Taxes and Customs
 Auction for Sale (Re-issue) of Government Stock (GS) December 03, 2018
 Relaxation on the guidelines to NBFCs on securitisation transactions
 RBI-Legal Entity Identifier Code for participation in non-derivative markets
 Basel III Framework on Liquidity Standards – Net Stable Funding Ratio (NSFR) – Final Guidelines
 RBI-Relaxation on the guidelines to NBFCs on securitisation transactions
 RBI-Interest Equalisation Scheme on Pre and Post Shipment Rupee Export Credit
 RBI-External Commercial Borrowings (ECB) Policy – Review of Hedging Provision

RBI says it uses sophisticated machines for processing currency notes
September, 11th 2017

It has been reported in a section of the press, quoting a reply to RTI application, that RBI was not using machines for counting Specified Bank Notes (SBNs). RBI actually uses sophisticated Currency Verification & Processing (CVPS) machines for checking the numerical accuracy and genuineness of the currency notes, including SBNs. These machines are way superior to the note counting machines. With a view to augmenting processing capacity, RBI is using the available machines in two shifts and has been using some machines temporarily drawn from commercial banks after suitable modifications. RBI is also exploring other options to augment processing capacity even further.

Jose J. Kattoor
Chief General Manager

Press Release: 2017-2018/685

Home | About Us | Terms and Conditions | Contact Us
Copyright 2018 CAinINDIA All Right Reserved.
Designed and Developed by Binarysoft Technologies Pvt. Ltd.
Customer relationship management software CRM software Operational CRM Collaborative CRM

Transfer Pricing | International Taxation | Business Consulting | Corporate Compliance and Consulting | Assurance and Risk Advisory | Indirect Taxes | Direct Taxes | Transaction Advisory | Regular Compliance and Reporting | Tax Assessments | International Taxation Advisory | Capital Structuring | Withholding tax advisory | Expatriate Tax Reporting | Litigation | Badges | Club Badges | Seals | Military Insignias | Emblems | Family Crest | Software Development India | Software Development Company | SEO Company | Web Application Development | MLM Software | MLM Solutions