RBI proposes mobile app to help visually impaired to identify currency notes


Team Udayavani, May 12, 2019, 12:01 PM IST

New Delhi: The Reserve Bank of India proposes to come out with a mobile application to aid visually impaired persons in identifying Indian currency notes.

At present, banknotes in the denominations of Rs 10, 20, 50, 100, 200, 500 and 2,000 are in circulation, besides Re 1 notes issued by the Government of India.

Intaglio printing based identification marks for helping the visually challenged in identification of denomination of banknotes are present in notes of Rs 100 and above.

The RBI has solicited bids from technology firms for developing the mobile application.

“The application should be able to identify denomination of legal tender banknotes of Mahatma Gandhi Series and Mahatma Gandhi (New) series by capturing the image of the notes placed in front of mobile camera or scrolled across it,” said the request for proposal issued by the central bank.

Also, the mobile application should be searchable via voice option in all app stores, it said.

“The mobile application should be able to identify the bank note denomination in 2 seconds or less,” the RBI said, and added that the app should also work in offline mode without internet connection.

Further, the mobile application shall provide multi-lingual support as well as audio notifications. The application is expected to support Hindi and English language as a minimum, it said.

Cash constitutes the most important means of transaction in the country. As on March 31, 2018, there were about 102 billion pieces of banknotes in circulation having a value of Rs 18 lakh crore.

There are about 80 lakh blind or visually impaired people in the country, who are likely to benefit from the initiative of the central bank.

In June, 2018 the central bank had declared that it would explore the feasibility of developing a suitable device or mechanism for aiding the visually impaired in the identification of Indian banknotes.

Udayavani is now on Telegram. Click here to join our channel and stay updated with the latest news.

Top News

Healthier options on menu for business class passengers of Vistara

India to have urban air mobility in form of EVTOLs across country: Scindia

Active COVID-19 cases in country dip to 14,955

Petrol price cut by Rs 8.69, diesel by Rs 7.05

Monkeypox: What is it and how can we prevent the spread?

Bengaluru: Teenage girl dies after falling off second floor of mall

AstroSat witnesses black hole birth for 500th time Astrosat witnesses black hole birth for 500th time


Related Articles More

CNG price hiked by Rs 2 per kg; rates up by Rs 19.60/kg in two months

NSE co-location scam: CBI launches search operation in multiple cities

Hackers, fraudulent customers steal Rs 7.38 crore from payment gateway firm Razorpay

DGCA grants Jet Airways air operator certificate, can resume commercial flight ops

Markets claw back lost ground amid global rebound; post weekly gains

MUST WATCH

High tech Bust stand Inaguration at Shirva

NEWS BULLETIN 21-05-2022

We will have 2 options

Chikkamagaluru DC statement Namaz at Dattapeeta video goes viral

Kalasa Crime : CCTV Footage found


Latest Additions

Healthier options on menu for business class passengers of Vistara

Kit Harington, Scoot McNairy, Josh Lucas to star in action thriller ‘Blood for Dust’

Man orders cake via Swiggy, gets served with hilarious meme

Rohit not losing sleep over disappointing season, says one minor adjustment away from finding form

MP: Angry over brother not attending mother’s funeral, woman attacks her 10-yr-old nephew with knife

Thanks for visiting Udayavani

You seem to have an Ad Blocker on.
To continue reading, please turn it off or whitelist Udayavani.