Master Direction on Framework of Incentives for Currency Distribution & Exchange Scheme

Question 1

Capital Cost for Opening of and maintaining currency chests at centres having population of less than 1 lakh, in underbanked states

Answer 1

Reimbursement of 50% of capital expenditure subject to a ceiling of ₹50 lakh per currency chest (inclusive of all taxes) and in North Eastern Region reimbursement of 100% of capital expenditure subject to a ceiling of ₹50 lakh per currency chest (inclusive of all taxes)

Question 1

Revenue Cost for Opening of and maintaining currency chests at centres having population of less than 1 lakh, in underbanked states.

Answer 1

Reimbursement of 50% of revenue expenditure for the first 3 years (inclusive of all taxes). In the North Eastern region, 50% of revenue expenditure is eligible for reimbursement for the first 5 years (inclusive of all taxes).

Question 2

Incentives to CCs for exchange of Soiled Notes?

Answer 2

₹2 per packet for exchange of soiled notes up to denomination of ₹ 50

Question 3

Incentives to CCs for adjudication of mutilated notes?

Answer 3

₹2 per piece

Question 4

Incentive for distribution of coins?

Answer 4

₹65 per bag for distribution of coins. An additional incentive of ₹10/- per bag shall be paid for coin distribution in rural and semi-urban areas on the submission of a Concurrent Auditor (CA) certificate to this effect

Question 5

Charges for cash deposit by non-chest branches under Linkage scheme with CCs

Answer 5

Large modern CCs - ₹8/- per 100 pieces and other CCs - ₹5/- per 100 pieces