hello, since this topic is of great concern for all of us since many days and it gives some sort of relief to us by technology i thought to post this message.
In order to check the menace of fake currency notes, a high-level RBI committee has suggested a slew of measures, including in-built currency checking mechanism at all ATMs and note sorting machines or desktop sorters at all bank branches, in a phased manner. The committee said the performance parameters of sorting machines could be standardised so that they all adhere to a uniform standard of counterfeit detection. The RBI deputy governor Usha Thorat-led committee observed that the current rule, which requires any person who has inadvertently got up to five fake notes to compulsorily file an FIR, may be scrapped. ''''A simple report may be filed with the branch which in turn may include this in the counterfeit currency report to RBI,'' the committee said. The committee suggested that banks may go for periodic audits of companies to which they outsource ATM management activities. ''''Banks may switch over to the ''cassette swap' system to feed the ATMs,'' it said. In a cassette swap system in ATMs, one or more secured baskets of notes are replaced while the other process is to manually stack currencies in ATMs when these machines go out of notes. It said RBI could ensure that notes from old series are withdrawn strictly as per the policy in place. (12-Aug-09) thanks, mukesh jain. Times of India -- email: [email protected] mob: 919977165123 to read articles, circulars, books, titorials, and lot more related to PWD's visit my site: http://www.mukesh.myehome.in to know about my efforts of sketching the life of mumbai visit: http://www.themumbaicity.webs.com To unsubscribe send a message to [email protected] with the subject unsubscribe. To change your subscription to digest mode or make any other changes, please visit the list home page at http://accessindia.org.in/mailman/listinfo/accessindia_accessindia.org.in
