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RBI/2016-17/169
DCM (Plg) No. 1508/10.27.00/2016-17
December 02, 2016
The Chairman / Managing Director/ Chief Executive Officer
(All banks maintaining currency chests)
Dear Sir,
Allocation of banknotes
Please refer to our circular
DCM (Plg) No.1345/10.27.00/2016-17 dated November 22, 2016 On “Making cash available for Rabi
Crop Season – Advisory to banks”.
2. In continuation of the above and to ensure that adequate allocation
of banknotes are made for the rural branches, post offices and DCCBs, the
banks are advised to involve the district co-ordinators (Lead District
Managers) functioning under the aegis of the State Level Bankers’ Committee
(SLBC) in facilitating / planning distribution of currency from the
currency chests.
3. A perception has also emerged that banks with currency chests are
according priority towards supplying cash to their own bank branches. These
banks with currency chests are, therefore, advised to make visible efforts
to dispel the perception of unequal allocation among other banks and their
own branches.
Yours faithfully,
(Suman Ray)
General Manager
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