The Reserve Bank of India (RBI) has released guidelines for banks to set up new currency chests.
Guidelines:
New currency chests should include minimum area of 1,500 square feet for strong room/Vault. For those situated in hilly/ inaccessible places, the strong room/ vault area should be at least 600 sq ft.
The new chests should have a processing capacity of 6.6 lakh pieces of banknotes per day. For those situated in the hilly/ inaccessible places, it should have a capacity of 2.1 lakh pieces of banknotes per day.
The currency chests should have Chest Balance Limit (CBL) of ₹1,000 crore, subject to ground realities and reasonable restrictions, at the discretion of the Reserve Bank.
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