a) What do you know by currency chest?
Currency chests are operated by RBI so that they can provide
good quality currency notes to the public. However, RBI has
appointed commercial banks to open and monitor currency
chests on behalf of RBI. The cash kept in currency chests is
considered to be kept in RBI.
b) What is a small coin depot?
The bank branches are also authorised to establish Small Coin
Depots to stock small coins. The Small Coin Depots also distribute small coins to other bank branches in their area of operation.
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