Simplified procedure for opening of Currency Chests - ଆରବିଆଇ - Reserve Bank of India
Simplified procedure for opening of Currency Chests
RBI/2014-15/571 April 23, 2015 The Chairman & Managing Director / Madam/ Dear Sir, Simplified procedure for opening of Currency Chests Please refer to our circular DCM(CC)No.2991/03.39.01/2011-12 dated January 02, 2012 on “Construction of Currency Chests Strong Rooms / Vaults”. The extant instructions for setting up of new currency chests were reviewed and it has been decided to do away with multiple layers of approvals. These simplified guidelines as under may be followed meticulously. A. Locations that are at/ close to the International Border/ Insurgency affected areas
B. All other locations
Approvals for opening of CCs by PSBs & Private Sector Banks will continue to be given by our ROs as hitherto. All other banks (RRBs, Cooperative banks and foreign banks) may continue to seek approvals for opening of CCs from DCM, CO, Mumbai. The approvals will normally be accorded within 30 days provided the construction conforms to the specifications. Yours faithfully, (Uma Shankar) |