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Reserve Bank of India RBI/2021-22/93 DCM (CC) No.97527/03.41.01/2021-22 August 27, 2021 The Chairman / Managing Director Chief Executive Officer (All Scheduled Commercial banks including RRBs) Madam / Dear Sir, Review of incentive and other measures to enhance distribution of coins Please refer to our Master Direction DCM (CC) No.G-2/03.41.01/2021-22 dated April 01, 2021 on Currency Distribution Exchange Scheme (CDES) for bank branches including currency chests which inter
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FAQ :
The incentive for distributing coins has been increased to ₹65 per bag, up from the previous ₹25, effective September 1, 2021.
Yes, an additional incentive of ₹10 per bag will be paid for coin distribution in rural and semi-urban areas, provided a CA/Auditor certificate is submitted.
Yes, banks are advised to provide coins to KYC-compliant bulk customers for business transactions, provided they maintain records and exercise due diligence to prevent misuse.
Banks are encouraged to enhance their engagement with BCs for coin distribution to the public and may incentivise these activities.
Yes, banks may engage CIT entities to further enhance the distribution of coins to the public.
Banks are advised to ensure that each of their branches maintains a minimum stock of one bag of coins in each denomination to ensure a steady supply.
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Source : https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=12154&Mode=0