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RBI to set up Automated Banknote Processing centre

The Reserve Bank of India (RBI) has decided to set up an Automated Banknote Processing Centre (ABPC) in Jaipur.

The new facility will be used to receipt, store and dispatch the new currency notes.

The functions of the ABPC will also include processing of banknotes received from currency chests (CCs) and bank branches, and destruction of soiled banknotes in an automated manner.

 

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