Currency chests are branches of selected banks authorised by the RBI to stock rupee notes and coins. The responsibility for managing the currency in circulation is vested in the RBI for which the RBI has set up more than 4,000 Currency Chests all over the country. The vault which stores cash in the Currency Chest are managed by the respective bank but the cash kept in the Chest belongs to RBI. When the cash is taken out from the Chest, it becomes bank's cash. Banks manages Currency Chests for RBI as it helps them in cash management.
The well known ASER report or Annual Survey of Education Report is published by:
When do we celebrate World Wind day globally?
Which soil type is the most prevalent and fertile in India?
Global Depositary Receipt (GDR) and American Depositary Receipt (ADR) are traded on exchanges in India
The Government of India launched the PRASAD (Pilgrimage Rejuvenation And Spiritual Augmentation Drive) scheme in the year ____ under the Ministry of Tou...
Who is the founder of Microsoft.
Which state organized a mega event of Ice Hockey in honour of Republic Day?
Where is the Indira Gandhi National Centre for the Arts (IGNCA) located?
In which country is Dassault Aviation, the manufacturer of the Rafale fighter aircraft, based?
Who is the principal regulatory authority for stock market in India?