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RBI has announced an increase in the incentives given to commercial banks for distribution of coins per bag from September 2021. What will be the new incentive per bag?
A)
Rs 35
B)
Rs 45
C)
Rs 55
D)
Rs 65

Correct Answer :   Rs 65


The Reserve Bank of India has increased the incentive that it gives to the banks for the distribution of coins over the counter from Rs 25/bag to Rs 65/bag of coin. Will be paid on the basis of net withdrawal from currency chest (CCs), without waiting for claims from banks,” the RBI said.
 
The currency chest branch, it added, will pass on the incentive to the linked bank/branches for coins distributed by them on a pro-rata basis within one week from the receipt of incentives from RBI.

Published On : August 30, 2021
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