Record CCTV coverage of cash ops in currency chests: RBI

Bs_logoImage
Press Trust of India Mumbai
Last Updated : May 23 2014 | 6:23 PM IST
The Reserve Bank today said banks should carry out CCTV coverage of all cash handling operations in currency chests, including packing of soiled note remittance, to avoid any mischief or irregularity.
RBI in a notification said that it was brought to its notice that the work of packing of soiled note remittance by a currency chest was undertaken outside the strong room/vault resulting in CCTV failing to capture operations of packing of remittance.
RBI, in 2008, had directed banks that coverage of CCTVs surveillance should also cover all cash operations in the vaults/strong rooms and other cash handling areas to identify any mischief/irregularity.
"We reiterate that all the instructions on remittance of soiled notes issued from time to time must be followed meticulously," RBI said.
Subscribe to Business Standard digital and get complimentary access to The New York Times

Smart Quarterly

₹900

3 Months

₹300/Month

SAVE 25%

Smart Essential

₹2,700

1 Year

₹225/Month

SAVE 46%

Super Saver

₹3,900

2 Years

₹162/Month

Subscribe

Renews automatically, cancel anytime

Here’s what’s included in our digital subscription plans

Access to Exclusive Premium Stories

  • Over 30 subscriber-only stories daily, handpicked by our editors

Complimentary Access to The New York Times

  • News, Games, Cooking, Audio, Wirecutter & The Athletic

Business Standard Epaper

  • Digital replica of our daily newspaper — with options to read, save, and share

Curated Newsletters

  • Insights on markets, finance, politics, tech, and more delivered to your inbox

Market Analysis & Investment Insights

  • In-depth market analysis & insights with access to The Smart Investor

Archives

  • Repository of articles and publications dating back to 1997

Ad-free Reading

  • Uninterrupted reading experience with no advertisements

Seamless Access Across All Devices

  • Access Business Standard across devices — mobile, tablet, or PC, via web or app

More From This Section

First Published: May 23 2014 | 6:23 PM IST