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Home >> About Us >> Regional Offices >> Bhubaneshwar - Currency Chests

1.  Management of Currency   

Currency Management essentially relates to planning, designing, issue and withdrawal of currency, ensuring its integrity, availability and the maintenance of quality. The Department of Currency Management (DCM) of the Reserve Bank located at Central Office, Mumbai, takes policy decisions on the designs of bank notes, forecasts the demand for notes and coins, ensures the smooth distribution of bank notes and coins throughout the country, arranges to withdraw unfit notes, administers the RBI Note Refund Rules and reviews/rationalizes the work system/procedures at the Issue Office on ongoing basis. The operational work is conducted by the Issue Departments of the Bank with responsibility for managing the inventory, distribution and servicing of currency in its respective issue circles.

(ii) The Reserve Bank is responsible for issuing coins and notes to the public on demand and for maintaining the quality of the notes issued. Reserve Bank's responsibility thus is not only to put currency into such other denominations of notes  and/or coins as may be required by the public.  With a view to mitigating the hardship to the public in genuine cases,  the Bank  arranges to make refund of the value of  mutilated notes as per the Note Refund Rules.

2.  Currency Chests

In order that the Bank's obligations may be satisfactorily discharged without recourse to extensive and frequent physical remittance of notes and coins between various centres, the Bank maintains currency chests of its own at treasuries and branches of the banks at all important centres.  In the State of Orissa, there are 130 Currency chests, the list of which is provided in the end.  These currency chests are intended to facilitate the distribution, exchange and remittance of notes, including one rupee notes and rupee coins and small coins.  

(ii)  RBI has launched a special drive under its clean note policy to withdraw all soiled and mutilated notes from the members of public and put in its place fresh and clean notes. In order to facilitate the members of public, to exchange such notes, RBI has delegated powers to all the 130 currency chest branches in Orissa to exchange soiled,  torn, damaged/ mutilated/ defective notes. Soiled and cut notes  should also be accepted over bank counters in payment of Government dues and for credit of accounts of the public maintained with banks.  Reserve Bank of India, Bhubaneswar has opened three special counters, two for exchange of soiled notes of all denominations and one solely for exchange of mutilated notes.  Notes which have turned extremely brittle or badly burnt, charred or inseparably stuck up together and therefore can not withstand normal handling, are also accepted at RBI Bhubaneswar for adjudication under a Special Procedure. 

3.  Facilities/ Services at the Currency Chest Branches

Salient features of genuine notes are required to be displayed at bank branches for information of public. The bank branches should have adequate number of dual display note counting machines provided at the payment counters for the benefit of customers.  Stapling of currency note packets has been done away with and information on non stapling of note packets should be displayed on the notice boards.  Citizens' Charter for exchange of notes and coins should be displayed at notice board for information  and benefit of common persons.  All the notice boards are trilingual. 

(ii)  Exchange value of soiled notes will be paid in coins and/or notes of denomination Rs.10/- and above,  across the counter as per extant rules.  While the intention of the RBI is to mop up all such soiled/mutilated Re.1/-, Rs.2/- and Rs.5/- notes and above in exchange, all Re.1/-, Rs.2/- and Rs.5/- notes would continue to be legal tender.  Any note with slogans and message of a political nature written across it  ceases to be a legal tender and a claim on such a note will be rejected.  Similarly, notes which are disfigured may also be rejected.  The notes which are found to be deliberately cut or tampered with, if presented for payment  of exchange value, will be rejected. 

(iii) The banks have been advised to direct all their branches to accept coins of all denominations tendered at their counters either for exchange or for deposit in accounts.  However, as accepting coins packed in polythene sachets  of 100 each would be more convenient,  the banks have been advised to  keep such sachets at the counters and make them available to the customers.  A notice to this effect  should be displayed suitably  inside as also outside the branch premises  for information of the public. RBI, Bhubaneswar is operating two counters for issue of coins, one for  bulk issue and the other for issue in small pouches. This apart, a coin vending machine is installed in its premises which can be used by the public to get coins in exchange for notes.

(iv) All the currency chest branches are required to display at their branch premises, at a prominent place, a board indicating the availability of note exchange facility  with the legend, "MUTILATED NOTES ARE ACCEPTED AND EXCHANGED HERE".  Banks should ensure that all their designated branches provide facilities for exchange of notes and coins and  place details of designated branches in public domain.

(v) RBI has devised a scheme of penalties for those banks which refuse  to exchange soiled/mutilated  notes tendered by any member of public. All members of public are advised to avail of the aforesaid facilities to the fullest extent. Any suggestion / complaint / grievance as regards exchange of soiled notes and non-availability of coins/notes (denomination of Rs.10/- and above) may be addressed to RBI, Bhubaneswar. 

LIST OF CURRENCY CHESTS IN ORRISA ISSUE CIRCLE

Sl No

Name of the Currency Chest

Sl No Name of the Currency Chest

1

SBI  ANANDPUR

66

SBI  NOWRANGPUR

2

SBI  ANGUL

67

SBI  PADAMPUR

3

SBI  ASKA

68

SBI  PARADEEP

4

SBI  ATHAGARH

69

SBI  PARLAKHEMUNDI

5

SBI  ATHMALLIK

70

SBI  PATNAGARH

6

SBI  BADMAL

71

SBI  PATTAMUNDAI

7

SBI  BALASORE

72

SBI  PHULBANI

8

SBI  BALIGUDA

73

SBI  PURI

9

SBI  BANKI

74

SBI  RAIRAKHOL

10

SBI  BAPUJINGR

75

SBI  RAIRANGPUR

11

SBI  BARBIL

76

SBI  RAJGANGPUR

12

SBI  BARGARH

77

SBI  RAYGADA

13

SBI  BARIPADA

78

SBI  ROURKELA TOWNSHIP

14

SBI  BASUDEBPUR

79

SBI  ROURKELA

15

SBI  BAZAR BERHAM

80

SBI  SAMALBARAGE

16

SBI  BHUBANESWAR, MAIN

81

SBI  SAMBALPUR

17

SBI  BERHAMPUR

82

SBI  SONEPUR

18

SBI  BHADRAK

83

SBI  SUNABEDA

19

SBI  BHANJANAGAR

84

SBI  SUNDERGARH

20

SBI  BHAPUR BERHAMPUR

85

SBI  SURADA

21

SBI  BHAWANIPATNA

86

SBI  TALCHER

22

SBI  BIRMITRAPUR

87

SBI  TITILAGARH

23

SBI  BOLANGIR

88

SBI  UDALA

24

SBI  BONAI

89

SBI  UDITNAGAR

25

SBI  BOUDH

90

SBI  UMERKOTE

26

SBI  BRAJRAJNAGAR

91

ALLAHABAD BANK CUTTACK

27

SBI  BURLA

92

ALLAHABAD BANK NAYAPALLI

28

SBI  BUXI BAZAR

93

SBBJ CUTTACK

29

SBI  CHANDBALI

94

CBI,CUTTACK

30

SBI  CHANDIPUR

95

CBI,JATNI

31

SBI  CHHATRAPUR

96

CBI, KHETRAJPUR

32

SBI  CHITRAKONDA

97

UNION BK,BERHAMPUR

33

SBI  CUTTACK

98

UNION BK  BHUBANESWAR

34

SBI  DAMANJODI

99

BOI,BARIPADA

35

SBI  DEOGARH

100

BOI CUTTACK

36

SBI  DHARAMGARH

101

BOI,JODA

37

SBI  DHENKANAL

102

BOI,ROURKELA

38

SBI  G.UDAYAGIRI

103

BOI JAYDEVB,BHUBANESWAR

39

SBI  GOVT TR.BRANCH

104

UBI CUTTACK

40

SBI  GUNUPUR

105

UBI,PARADEEP

41

SBI  JAGATSIGPUR

106

UBI, ROURKELA

42

SBI  JAJPUR ROAD

107

UBI, BARIPADA

43

SBI  JAJPUR TOWN

108

UBI, BALASORE

44

SBI  JALESWAR

109

CANARA BANK, CUTTACK

45

SBI  JATNI

110

CANARA BANK, BERHAMPUR

46

SBI  JEYPORE

111

BOB, CUTTACK

47

SBI  JHARSUGUDA

112

PNB, BHUBANESWAR

48

SBI  KAMAKSHYANAR

113

PNB,  CUTTACK

49

SBI  KANTABANJI

114

PNB, JHARSUGUDA

50

SBI  KARANJIA

115

UCO BK, BHUBANESWAR

51

SBI  KENDRAPARA

116

UCO BANK BRAJRAJNAGAR

52

SBI  KEONJHAR

117

UCO BANK RAJGANGPUR

53

SBI  KESINGA

118

UCO BANK BERHAMPUR

54

SBI  KHARIAR

119

UCO BANK ROURKELA

55

SBI  KHATIGUDA

120

UCOBK, DHERA

56

SBI  KHURDA

121

UCO BANK BALASORE

57

SBI  KODALA

122

UCO BANK SAMBALPUR

58

SBI  KORAPUT

123

UCO BANK, BAJRAKABATI ROAD

59

SBI  KUCHINDA

124

IOB SAHEED NAGAR

60

SBI  LINK ROAD,CUTTACK

125

SYNDICATE BK. BHUBANESWAR

61

SBI  M.RAMPUR

126

INDIAN BANK BHUBANESWAR

62

SBI  MALGODOWN

127

ANDHRA BK. BHUBANESWAR

63

SBI  MALKANGIRI

128

ANDHRA BANK BERHAMPUR

64

SBI  NAWAPARA

129

VIJAYA BANK BHUBANESWAR

65

SBI  NAYAGARH

130

ICICI BANK BHUBANESWAR


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