This policy directive, issued by the Reserve Bank of India (RBI) on October 30, 2024, addresses standards for Note Sorting Machines (NSMs) used by all banks. It references circular DCM NPD No.S48818.00.14202223 dated July 01, 2022, and announces that, effective May 1, 2025, banks must deploy only NSM models that conform to Indian Standards (IS 18663: 2024) as published by the Bureau of Indian Standards (BIS) in the Gazette of India on March 19, 2024, and are duly certified by BIS. The standard is available at https:www.services.bis.gov.intmpLITD42522283070320241.pdf. Contact Sanjeev Prakash, Chief General Manager-in-Charge, at cgmincdcmrbi.org.in or +91222260 3000/4000 or +91222266 2442 for further information. The RBI reference number for this directive is RBI2024202586 DCM NPD No.S219309.45.000202425.
Key Entities Referenced
Reserve Bank of India: The central bank of India.
Bureau of Indian Standards: The National Standards Body of India responsible for standardization, marking and quality certification of goods.
Note Sorting Machines: Machines used for sorting banknotes based on authentication and fitness parameters.
Gazette of India: Official government publication where notifications, rules, and regulations are published.
Note Sorting Machines NSM IS 18663: 2024: The standard for Note Sorting Machines published by the Bureau of Indian Standards.
Sanjeev Prakash: Chief General Manager-in-Charge at the Reserve Bank of India.
Mumbai, Maharashtra: City in India, location of Reserve bank of India central office
May 01, 2025: Effective date for banks to deploy NSM models that conform to Indian Standards and are certified by BIS.
भारतीय �रज़वर् बैंक
RESERVE BANK OF INDIA
____________________________www.rbi.org.in_________________________
RBI/2024-2025/86
DCM (NPD) No.S2193/09.45.000/2024-25 October 30, 2024
The Chairman / Managing Director / Chief Executive Officer
All Banks
Madam / Dear Sir,
Note Sorting Machines: Standards issued by the Bureau of Indian Standards
Reference is invited to our circular DCM (NPD) No.S488/18.00.14/2022-23 dated July 01,
2022 on “Note Sorting Machines - Authentication and Fitness Sorting Parameters”.
2. With a view to further strengthen the banknote sorting architecture across the country, the
Bureau of Indian Standards (BIS) after due consultation with Reserve Bank of India and other
stakeholders, had published the standards for Note Sorting Machines (NSM) – ‘IS 18663:
2024’ in the ‘Gazette of India’ on March 19, 2024. The standards are available at
https://www.services.bis.gov.in/tmp/LITD42522283_07032024_1.pdf.
3. As a step further in this regard, it has been decided that effective May 01, 2025, banks
should deploy only such NSM models that conform to the aforesaid Indian Standards and are
duly certified by BIS.
Yours faithfully
(Sanjeev Prakash)
Chief General Manager-in-Charge
मुद्रा प्रबंध िवभाग, के�ीय कायार्लय, चौथी मंिज़ल, अमर िब��ंग, सर पी. एम. मागर्, पो� बॉ� सं. 1379, मुंबई-400001 (भारत)
फोन:+ 91-22-2260 3000 / 4000; फ़ै�: +91-22-2266 2442; ईमेल-: cgmincdcm@rbi.org.in
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