Question

currency chest balance verified by whom?

Answer 1

Your Question isn't clear at all

Answer 2

The currency chest balance verified by the Reserve Bank Of India(RBI).

• A currency chest is a place where the Reserve Bank of India (RBI) stocks money.
• That money is meant for banks and ATMs.
• These chests are usually located on the premises of different banks.
• But are administered by the RBI. Representatives from the RBI would inspect currency chests time-to-time and update their senior officers about it.
• Currency chest branch is an Issue Department and carries out the same functions of issue of fresh banknotes/ coins, retrieval of soiled banknotes, and exchange of banknotes and coins including mutilated banknotes.

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