....RBI prints money and gives it to banks. Banks have currency chests in many cities. This money then goes to bank branches and ATMs. This is where the cash management company comes. After the consumers take the money out, they spend it and it eventually flows back to banks and then to RBI. The whole cycle is not only about the movement, which is a big part of it, but also processing. You check the currency notes for counterfeits, dirty torn notes, you reconcile balances for the customers and for these banks—a lot of software comes into play there............
The very purpose of VITALINFO is to provide a platform for wider dissemination of updated information related to and happening of events in and around RBI.
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