The Reserve Bank of India has issued norms for banks to set up large currency chest. The norms has explicated in details about the minimum area of 1500 square feet for strong room. Besides, the new chests should have a processing capacity of 6.6 lakh pieces of banknotes per day. For those situated in the hilly/ inaccessible places, capacity of 2.1 lakh pieces of banknotes per day.
from taxmann.com News http://bit.ly/2G99Eg1
No comments:
Post a Comment