What changed
The RBI has revised the timeline for implementing BIS standards on note sorting machines, extending the compliance date from the original deadline to November 1, 2025. This extension of six months follows representations from banks citing difficulties in meeting the earlier timeline. All other requirements from the October 30, 2024 circular remain unchanged.
What it means for you
Banks get additional six months to upgrade or replace note sorting machines to meet BIS standards, easing immediate compliance pressure. This allows more time for procurement, installation, and testing, but banks must still prioritize early compliance. The extension signals RBI's responsiveness to operational challenges while maintaining the end goal of standardized cash handling.
What you must do
- Review current note sorting machine inventory against BIS standards to identify gaps.
- Plan procurement or upgrades to ensure full compliance by November 1, 2025.
- Submit compliance status reports as per existing circular requirements.
- Engage with vendors early to avoid last-minute supply chain issues.
Who it affects
All banks operating in India, Cash management and treasury departments, Vendors of note sorting machines
What is the new deadline for note sorting machine compliance?
The deadline has been extended by six months to November 1, 2025, from the earlier date specified in the October 30, 2024 circular.
Are any other requirements changed besides the timeline?
No, all other provisions from the October 30, 2024 circular remain unchanged. Only the implementation timeline has been revised.