{"id":269505,"date":"2022-07-04T14:00:28","date_gmt":"2022-07-04T08:30:28","guid":{"rendered":"https:\/\/www.scconline.com\/blog\/?p=269505"},"modified":"2022-07-04T15:50:42","modified_gmt":"2022-07-04T10:20:42","slug":"rbi-issued-guidelines-on-note-authentication-and-fitness-sorting-parameters","status":"publish","type":"post","link":"https:\/\/www.scconline.com\/blog\/post\/2022\/07\/04\/rbi-issued-guidelines-on-note-authentication-and-fitness-sorting-parameters\/","title":{"rendered":"RBI issued Guidelines on Note Authentication and Fitness Sorting Parameters"},"content":{"rendered":"
\n

   <\/p>\n

On 01-07-2022, Reserve Bank of India (‘RBI') issued guidelines on authentication of note and fitness sorting parameters for the Note Sorting Machines (‘Machine') installed in banks.<\/p>\n

Key Points<\/b>:<\/p>\n

    \n
  1. \n

    To get recycled, a note must pass all the fitness parameters: genuine notes, authenticity check.<\/p>\n<\/li>\n

  2. \n

    When RBI decides to phase out a specific series of specific denomination of notes, such notes will be sorted out by the machine as unfit, irrespective of their physical condition.<\/p>\n<\/li>\n

  3. \n

    Parameters: applicable to machines operated by banks, namely, note processing machines and machines which check only the authenticity of notes.<\/p>\n<\/li>\n

  4. \n

    Authenticity check: to be done with reference to features of genuine notes as disclosed by RBI on its website and the notes not fulfilling the criteria will be classified as suspect\/ reject by the machine.<\/p>\n<\/li>\n

  5. \n

    Fitness sorting criteria:<\/p>\n<\/li>\n<\/ol>\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n
    \n

    S. No.<\/b><\/p>\n<\/td>\n

    		\n

    Feature<\/b><\/p>\n<\/td>\n

    		\n

    Criteria<\/b><\/p>\n<\/td>\n<\/tr>\n

    \n

    1.<\/p>\n<\/td>\n

    		\n

    Soiling<\/p>\n<\/td>\n

    		\n

    General distribution of dirt across the entire note<\/p>\n<\/td>\n<\/tr>\n

    \n

    2.<\/p>\n<\/td>\n

    		\n

    Limpness<\/p>\n<\/td>\n

    		\n

    Structural deterioration resulting in a marked lack of stiffness<\/p>\n<\/td>\n<\/tr>\n

    \n

    3.<\/p>\n<\/td>\n

    		\n

    Dog ears<\/p>\n<\/td>\n

    		\n

    Corner folds<\/p>\n<\/td>\n<\/tr>\n

    \n

    4.<\/p>\n<\/td>\n

    		\n

    Tears<\/p>\n<\/td>\n

    		\n

    Lengthwise and crosswise cuts<\/p>\n<\/td>\n<\/tr>\n

    \n

    5.<\/p>\n<\/td>\n

    		\n

    Holes<\/p>\n<\/td>\n

    		\n

    Holes of a specific diameter<\/p>\n<\/td>\n<\/tr>\n

    \n

    6.<\/p>\n<\/td>\n

    		\n

    Stains<\/p>\n<\/td>\n

    		\n

    Localized concentration of dirt<\/p>\n<\/td>\n<\/tr>\n

    \n

    7.<\/p>\n<\/td>\n

    		\n

    Graffiti<\/p>\n<\/td>\n

    		\n

    Deliberate graphic alteration of the note<\/p>\n<\/td>\n<\/tr>\n

    \n

    8.<\/p>\n<\/td>\n

    		\n

    Crumples<\/p>\n<\/td>\n

    		\n

    Multiple random folds<\/p>\n<\/td>\n<\/tr>\n

    \n

    9.<\/p>\n<\/td>\n

    		\n

    Decolouration<\/p>\n<\/td>\n

    		\n

    Lack of ink on part or whole of the note<\/p>\n<\/td>\n<\/tr>\n

    \n

    10.<\/p>\n<\/td>\n

    		\n

    Folds<\/p>\n<\/td>\n

    		\n

    Folds reducing the length or width of the note<\/p>\n<\/td>\n<\/tr>\n

    \n

    11.<\/p>\n<\/td>\n

    		\n

    Repair<\/p>\n<\/td>\n

    		\n

    Note repaired using adhesive tape\/ paper\/ glue<\/p>\n<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n

      \n
    1. \n

      Mutilated, imperfect, mismatched notes and build up notes will be classified as suspect\/ reject.<\/p>\n<\/li>\n

    2. \n

      Duty of the Bank to ensure that the Machines are tested for accuracy and consistency on a quarterly basis and recalibrated if required.<\/p>\n<\/li>\n<\/ol>\n<\/div>\n","protected":false},"excerpt":{"rendered":"

          On 01-07-2022, Reserve Bank of India (‘RBI') issued guidelines on authentication of note and fitness sorting parameters for the Note <\/p>\n","protected":false},"author":67011,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[4,1193],"tags":[49989,49990,2611,2732,49991],"class_list":["post-269505","post","type-post","status-publish","format-standard","hentry","category-legislationupdates","category-notifications","tag-note-authentication","tag-note-fitness","tag-RBI","tag-Reserve_Bank_of_India","tag-sorting-parameters"],"yoast_head":"\nRBI issued Guidelines on Note Authentication and Fitness Sorting Parameters | SCC Times<\/title>\n<meta name=\"description\" content=\"On 01-07-2022, RBI issued guidelines on authentication of note and fitness sorting parameters for the Note Sorting Machines installed in banks\" \/>\n<meta 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