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All you wanted to know about currency chest

Posted on 22 November 2016

If you were among those making frequent trips to the bank in the last few days, you might have been told by a bank employee that money is on its way from the currency chest. Or you could have heard people say that all the 100 and 50 notes have disappeared from the currency chest.
While these statements might conjure images of a shining golden chest, overflowing with currency notes and coins; the reality is a little dull. What is it? Currency chests are branches of selected banks authorised by the RBI to stock rupee notes and coins. The responsibility for managing the currency in circulation is vested in the RBI…………………………………….Full Article: Source


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