BANKING GENERAL KNOWLEDGE
Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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7.8 lakh pieces
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4.2 lakh pieces
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5.3 lakh pieces
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6.6 lakh pieces
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Detailed explanation-1: -Accordingly, it has been decided to have the following minimum standards for setting up new CCs: Area of the strong room/ vault of at least 1500 sq. ft.
Detailed explanation-2: -The Direction will be updated as and when fresh instructions are issued. The minimum amount of deposit into / withdrawal from currency chest will be ₹1, 00, 000 and thereafter, in multiples of ₹50, 000. 1.2. 1 The currency chests should invariably report all transactions through CyM – CC portal on the same day by 7 pm.
Detailed explanation-3: -For those situated in hilly / inaccessible places (as defined by central / state government/ any appropriate authority), the strong room/ vault area of at least 600 sq. ft. Processing capacity of 6, 60, 000 pieces of banknotes per day.
Detailed explanation-4: -The RBI’s current currency-issuing system is known as the Minimum Reserve System. It was passed into law in 1956. The RBI is required to retain a minimum reserve of an amount of about Rs 200 crores in foreign currencies, gold coins, and gold bullion under the Minimum Reserve System.
Detailed explanation-5: -RCC Currency Chest room Approx. 2000 Sq. ft. as per RBI guidelines.