Master Direction on Framework of incentives for Currency Distribution & Exchange Scheme for bank branches including currency chests

RBI Master Direction Link

Framework of Incentives for Currency Distribution & Exchange Scheme

The Reserve Bank of India has introduced a framework of incentives for bank branches, including currency chests, under the Currency Distribution & Exchange Scheme (CDES).

Incentives:

The scheme offers incentives for various services, including:

a. Exchange of soiled notes: ₹2/- per packet for exchange of soiled notes in denominations up to ₹50/- and below.
b. Adjudication of mutilated notes: ₹2/- per piece.

Other Operational Instructions:

Payment of performance-based incentives will be governed by other operational instructions, which will be outlined separately.

Chat with the Master Direction:

Download: Master Direction on Framework of incentives for Currency Distribution & Exchange Scheme for bank branches including currency chests

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