INSUBCONTINENT EXCLUSIVE:
currency notes at its currency chests across the country, a top official said here on Wednesday.These Robotic Arms are currently functioning
at Mumbai, and Sangli (Maharashtra), New Delhi, Bengaluru and Mangaluru (Karnataka), Jaipur, Hyderabad, Chandigarh, Bhopal, Raipur, Siliguri
and Varanasi, said ICICI Bank Head of Operations - Customer Services, Anubhuti Sanghai.These 14 machines (Robotic Arms) deployed in 12
cities help sort over six million notes on all working days, or about 180 crore notes annually, she said."This brings in a frictionless and
completely mechanised process of note-sorting, leading to higher accuracy and flexibility to handle large volumes continuously
It has enabled the bank personnel to focus on other value-added and supervisory functions," Ms Sanghai pointed out.She said ICICI is the
first commercial bank in India and among a few banks globally to customise and deploy industrial robots to automate and perform repetitive
high volume steps in handling cash processing on high-end note sorting machines."The Robotic Arms use a combination of sensors to check over
70 parameters within second that enable them operate continuously and seamlessly without break," Ms Sanghai explained.Pursuing the Clean
Note Policy mandated by the Reserve Bank of India (RBI), banks operate currency chests which collect cash from various branches and other
centres, sorts them on high-end note-sorting machines and re-send them to branches/ATMs for dispensing to customers.The Robotic Arms feed on
unprocessed cash in three high-end note-sorting machines simultaneously, pick up the processed cash from the output stackers, align the
loose notes, bind the packets and finally drop them in the respective trays as per the quality of the note.The ICICI Bank plans to invest in
further mechanisation of note sorting technology with next generation machines across all its currency chests and a slew of other
technology-led innovative services.Get Breaking news, live coverage, and Latest News from India and around the world on
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