The Reserve Bank of India (RBI) will set up an Automated Banknote Processing Centre (ABPC) in Jaipur. The decision was taken with a view to effectively deal with increasing circulation of banknotes,
- Objective: The objective behind this move to receipt, storage and dispatch of currency notes.
- Functions: The functions of the Automated Banknote Processing Centre will also include processing of banknotes received from currency chests (CCs) and bank branches, and destruction of soiled banknotes in an automated manner.
