The Future of Banking-andhrabank-nov4-04.pdf - IDRBT

The Future of Banking-andhrabank-nov4-04.pdf - IDRBT The Future of Banking-andhrabank-nov4-04.pdf - IDRBT

21.01.2014 Views

Mechanized Sorting of INSTITUTE FOR DEVELOPMENT AND RESEARCH IN BANKING TECHNOLOGY Notes in the Chests • Chests must send only unfit notes to RBI • Desktop machines – current costs must be made cheaper? Indigenous technology to be explored • Easy to operate • Reasonable capability to detect counterfeit notes • Various range of processing speed in different models (15 to 25,000 pcs per hour) • Also available on rent and lease (outsourcing by reliable third parties) • Mechanized sorting is the only way to handle the increasing volume of soiled notes November 4, 2004 Vepa Kamesam, Chairman IDRBT

Agencies Involved in Currency Management Police MOF Railways RBI RBI's Presses Govt Presses Mints Banks (chests) INSTITUTE FOR DEVELOPMENT AND RESEARCH IN BANKING TECHNOLOGY November 4, 2004 Vepa Kamesam, Chairman IDRBT

Mechanized Sorting <strong>of</strong><br />

INSTITUTE FOR DEVELOPMENT AND<br />

RESEARCH IN BANKING TECHNOLOGY<br />

Notes in the Chests<br />

• Chests must send only unfit notes to RBI<br />

• Desktop machines – current costs must be<br />

made cheaper? Indigenous technology to be<br />

explored<br />

• Easy to operate<br />

• Reasonable capability to detect counterfeit<br />

notes<br />

• Various range <strong>of</strong> processing speed in different<br />

models (15 to 25,000 pcs per hour)<br />

• Also available on rent and lease (outsourcing<br />

by reliable third parties)<br />

• Mechanized sorting is the only way to handle<br />

the increasing volume <strong>of</strong> soiled notes<br />

November 4, 2004<br />

Vepa Kamesam, Chairman <strong>IDRBT</strong>

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