An unfit Indian currency note is one that is not suitable for recycling because of its physical condition or belongs to a series that has been phased out by the Reserve Bank of India(REUTERS) The ...

The RBI on Friday asked banks to test their note sorting machines for accuracy and consistency every quarter to ensure currency notes conform to the prescribed parameters. Following demonetisation in ...

Note sorter is the coin and note computing equipment that is widely used among the banks and financial institutions for counting and sorting of money. It includes ultraviolet and magnetic sensors that ...

Toshiba Corp. said Thursday it will set up a joint venture with Oesterreichische Banknoten und Sicherheitsdruck GmbH (OeBS), a wholly owned subsidiary of the Austrian National Bank, to promote sales ...