Currency Chest

Recently Reserve Bank of India (RBI) has issued guidelines for banks to set up new currency chests.

Currency chests are branches of selected banks authorized by the RBI to stock rupee notes and coins.

According to the guideline the currency chests should have Chest Balance Limit (CBL) of Rs 1,000 crore, subject to ground realities and reasonable restrictions, at the discretion of the Reserve Bank.

The RBI offices in various cities receive the notes from note presses and coins from the mints. These are sent to the currency chests and small coin depots from where they are distributed to bank branches.