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RBI To Launch A Mobile App That Identifies Currency Notes

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The Reserve Bank of India (RBI) will come out with a mobile app to help the visually impaired and visually challenged people identify currency notes.

"The Reserve Bank of India has been sensitive to the challenges faced by the visually challenged in conducting their day to day business with Indian banknotes," said the central bank while scouting for a vendor to develop the mobile application.

RBI To Launch A Mobile App That Identifies Currency Notes
 

The proposed mobile app would be able to identify the denomination of notes of Mahatma Gandhi Series and Mahatma Gandhi (New) series by capturing the image of the notes placed in front of mobile camera, the RBI said while inviting bids from tech firms to develop the app.

The app will also generate "audio notification" intimating the currency note denomination to the user if image is captured correctly, else intimating the user to try again in case of image is not readable.

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.

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

With inputs from PTI

Read more about: rbi
Story first published: Monday, July 15, 2019, 12:34 [IST]
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