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Exchange Facility for Public in Corporation Bank, Mumbai

With a view to enlarging the exchange facility to the public, the Reserve Bank of India has made special arrangement for distribution of packets of Re.1, Rs.2 and Rs.5 notes and coins in Corporation Bank, Mumbai. The facility will be offered on July 22, 2004 between 11.00 a.m. and 3.00 p.m. at G. D. Ambekar Road, Wadala, Mumbai-400 031.

In order to make available clean currency notes to public in adequate quantity, the Reserve Bank has taken several steps in the recent past. These include making arrangements with the postal authorities in Mumbai for distribution of coins through the post offices in Maharashtra and Goa and opening one currency chest branch on one Sunday in a month at selected centers to exclusively provide currency exchange and distribution of small coins and suck out the bad notes.

P.V.Sadanandan
Manager

Press Release: 2004-2005/60

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