The Reserve Bank of India (RBI) on October 30, 2024, notified regarding the standards issued by the Bureau of Indian Standards related to Note Sorting Machines.
The following has been stated namely: -
• This is in reference to circular DCM (NPD) No. S488/18.00.14/2022-23 dated July 01, 2022, on “Note Sorting Machines - Authentication and Fitness Sorting Parameters”.
• It states that effective May 01, 2025, banks should deploy only such NSM models that conform to the Indian Standards for Note Sorting Machines (NSM) – ‘IS 18663: 2024’ and are duly certified by BIS.
[Notification no. - RBI/2024-2025/86]
