RBI says it uses sophisticated machines for processing currency notes

Mumbai, Sept 11 (KNN) The Reserve Bank of India (RBI) has clarified that it uses sophisticated Currency Verification & Processing (CVPS) machines for checking the numerical accuracy and genuineness of the currency notes, including Specified Bank Notes (SBNs).

RBI pointed that it has been reported in a section of the press, quoting a reply to RTI application, that RBI was not using machines for counting SBNs.

The sophisticated Currency Verification & Processing (CVPS) machines are way superior to the note counting machines, said the central bank.

With a view to augmenting processing capacity, RBI is using the available machines in two shifts and has been using some machines temporarily drawn from commercial banks after suitable modifications.

RBI is also exploring other options to augment processing capacity even further.