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Reserve Bank of India has issued guidelines for banks to set up new currency chests. These guidelines include a minimum area of how many square feet for strong room?

Reserve Bank of India has issued guidelines for banks to set up new currency chests. These guidelines include a minimum area of how many square feet for strong room? Correct Answer 1,500

  • Reserve Bank of India has issued guidelines for banks to set up new currency chests.
  • These guidelines include a minimum area of 1,500 square feet for strong room and a processing capacity of 6.6 lakh pieces of banknotes per day.
  • For banks situated in hilly or inaccessible places, this capacity should be 2.1 lakh pieces of banknotes per day.
  • D K Mohanty is chairman of “Committee on Currency Movement” (CCM)

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