RBI directs banks to conduct a quarterly test for the ‘Note Sorting’ machines
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- Last Updated on 4 July, 2022
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Circular No. RBI/2022-23/79 DCM(NPD)No.S488/18.00.14/2022-23, Dated 01-07-2022
The RBI, considering the introduction of the new series of banknotes, has reviewed the Note Authentication and Fitness Sorting Parameters for the Note Sorting Machines installed in the banks. RBI directed that banks shall ensure that the Note Sorting machines are tested for accuracy and consistency on a quarterly basis and recalibrated. RBI has prescribed in the detailed norms w.r.t. Fitness Sorting of the notes. The guidelines are made effective immediately.
The revised parameters shall be applicable to the following Machines:
(a) Machines operated by banks, either directly by their staff or indirectly by their agents. These machines can be of any of the following:
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- Machines which check the authenticity and fitness of notes, i.e. note processing machines/note sorting machines, and
- Machines which check only the authenticity of notes, i.e. note authentication machines and classify the individual notes as either genuine or suspect.
The guidelines prescribes that the machines shall perform authenticity check with reference to the features of genuine notes as disclosed by the Reserve Bank of India from time to time on its website. Any note which is not found to be having all the features of a genuine note shall be classified by the machine as suspect/ reject.
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