Now, Robots Count Cash At Bank's Currency Chests
Millennium Post Delhi|August 29, 2019

MUMBAI: A private-sector lending major has become the first in the country to deploy industrial ‘Robotic Arms’ to count millions of 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 and 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 1.80 billion notes annually, she said.

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