Explain the purpose, importance of Interbank Clearing House.
What is Currency Chest? Do you think that it is useful for the public?
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Explanation:
This is the 2nd answer ,Currency chests are branches of selected banks authorised by the RBI to stock rupee notes and coins. The responsibility for managing the currency in circulation is vested in the RBI. ... These are sent to the currency chests and small coin depots from where they are distributed to bank branches.Yes it is usefull for public
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