The Future of Banking-andhrabank-nov4-04.pdf - IDRBT
The Future of Banking-andhrabank-nov4-04.pdf - IDRBT
The Future of Banking-andhrabank-nov4-04.pdf - IDRBT
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Mechanized Sorting <strong>of</strong><br />
INSTITUTE FOR DEVELOPMENT AND<br />
RESEARCH IN BANKING TECHNOLOGY<br />
Notes in the Chests<br />
• Chests must send only unfit notes to RBI<br />
• Desktop machines – current costs must be<br />
made cheaper? Indigenous technology to be<br />
explored<br />
• Easy to operate<br />
• Reasonable capability to detect counterfeit<br />
notes<br />
• Various range <strong>of</strong> processing speed in different<br />
models (15 to 25,000 pcs per hour)<br />
• Also available on rent and lease (outsourcing<br />
by reliable third parties)<br />
• Mechanized sorting is the only way to handle<br />
the increasing volume <strong>of</strong> soiled notes<br />
November 4, 2004<br />
Vepa Kamesam, Chairman <strong>IDRBT</strong>
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