RBI uses Currency Verification & Processing Machine for processing currency notes

Sep 11, 2017 15:33 IST

The Reserve Bank of India (RBI) on 10 September 2017 stated that it uses sophisticated Currency Verification & Processing (CVPS) Machines for checking numerical accuracy and genuineness of the currency notes including Specified Bank Notes of Rs 500 and Rs 1000 instead of counting machines.

CA eBook

As per RBI, the Currency Verification & Processing (CVPS) machines are way superior to the note counting machines.

With a view to augment the processing capacity, RBI uses these machines in two shifts and has also been using other machines that are temporarily drawn from commercial banks after suitable modifications.

RBI is also exploring other options to augment processing capacity even further.


RBI gave out the aforesaid information in its reply to a RTI application. The RTI, filed under RTI Act, 2005, was regarding the details about machines being used for counting the Rs 500 and Rs 1000 notes and numbers of personnel deployed for counting notes.

However, RBI denied sharing information on the total number of personnel deployed for counting of the old notes, citing that compilation of information would "disproportionately divert" its resources.


Is this article important for exams ? Yes1 Person Agreed

Register to get FREE updates

    All Fields Mandatory
  • (Ex:9123456789)
  • Please Select Your Interest
  • Please specify

  • ajax-loader
  • A verifcation code has been sent to
    your mobile number

    Please enter the verification code below

This website uses cookie or similar technologies, to enhance your browsing experience and provide personalised recommendations. By continuing to use our website, you agree to our Privacy Policy and Cookie Policy. OK