DCM (Plg.) No.2128/10.25.007/2018-19
The Chief Executive Officer/
All Banks having Currency Chests.
Storage of Notes and Coins
As stated in para 15 of
the monetary policy statement of October 04,
2016, the Bank had constituted a Committee on Currency Movement
(CCM) [Chair: Shri D.K. Mohanty, Executive Director] to review the entire
gamut of security of treasure in transit. The recommendations of the
Committee have been examined and the following, relating to standardisation
of storage facilities in Currency Chests (CCs), shall be implemented
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 coverage.
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 coin spaces are clearly
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.
2. Confirmation of
implementation across all Currency Chests of your bank should be sent to
Issue Department of the Regional Office under whose jurisdiction your Head
Office is situated by September 30, 2019.