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BANK RBI NOTIFICATIONS: IMPORTANT TERMS AND ANALYSIS PRESENTED BY SAKSHI PAHWA
OTHER COURSES BY ME Monthly Current Affairs Monthly Banking And Financial Awareness Monthly RBI Notification Mock Questions For Various Bank Exams Such As SBI, IBPS, RBI GRADE B Etc MBA in Marketing and Finance Qualified IBPS PO Follow me on https://unacademy.com/user/sakshi. pahwa248 Doubt or Feedback in the Comments Section Rate, review, recommend the lesson Practice Questions with Strategies on important topics like Parajumbles, RC, Sentence Connectors, Cloze Test etc.
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Storage of Notes and Coins The Reserve Bank of India (RBI) asked banks witlh large currency chests to have separate storage space for coins and notes to beef the security. In October 2016, RBI had set up a committee on currency movement (CCM), under the chairmanship of its executive director D K Mohanty to review the entire gamut of security of treasure in transit.
The recommendations of the Committee have been examined and the followin relating to standardisation of storage facilities in Currency Chests (CCs), shall be implemented forthwith: The CCs having large vault space shall consider segregation of storage of coins inside the vault duly segregated by mesh structure/ barricades without obstructing clear view and CCTV overage. Such of the CCs which do not have sufficient storage space inside the vault to segregate storage of coins may continue to store the coins under CCTV coverage, in a manner operationally convenient to them keeping in view the spirit of the circular, so that notes and c in spaces are clearly identifiable Banks shall devise suitable processes to clearly colour code their bins for identification of denomination details and clear segregation of fresh, re-issuable and soiled notes, which shall be uniformly applied across their Currency Chests. The bins containing notes that are yet to be processed on NSMs shall also be colour coded separately
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