At least 66 Sophisticated Currency Verification and Processing (CVPS) machines are being used for counting junked Rs 500 and Rs 1,000 notes that were deposited post demonetization, the Reserve Bank of India (RBI) has said. A global tender has been floated for the procurement of new CVPS machines, the central bank said in reply to an RTI query on details of such machines being used for counting demonetized notes in the country. It said seven CVPS machines were in the process of being leased, while seven others available with commercial banks were also being used. In Reserve Bank offices, 59 CVPS machines are used and each machine is operated by a set of five persons under a supervisor who supervises a cluster of machines, the bank said. As on November 8, 2016, there were 1,716.5 crore pieces of Rs 500 and 685.8 crore pieces of Rs 1,000 notes in circulation, totalling Rs 15.44 lakh crore, it had said.

Source: dna October 16, 2017 13:00 UTC