Focus Merit

RBI to set up Automated Banknote Processing Centre in Jaipur

  • The Reserve Bank of India (RBI) has resolved to set up an Automated Banknote Processing Centre (ABPC) in Jaipur for the receipt, storage and dispatch of currency notes.
  • The functions of the ABPC will also include processing of banknotes obtained from currency chests (CCs) and bank branches and destruction of soiled banknotes in an automated manner.