M-solution may help the blind to identify notes: RBI

Currently, intaglio printing-based identification marks are present in banknotes of Rs 100 and above for helping the visually challenged identify them. At present, banknotes of Rs 10, 20, 50, 100, 200, 500 and 2000 are in circulation.

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 Reserve Bank had announced that it will explore the feasibility of developing a suitable device or mechanism for aiding the visually impaired in the identification of Indian banknotes.

In line with that, the RBI has now invited expression of interest from vendors for developing a ‘mechanism/device’ for Identification of denomination of Indian banknotes.

The device/mechanism should be able to identify the denomination of a banknote with hand held operation, when the banknote is held in front of it/near it/inserted in it/ scrolled across it, within a few seconds (preferably 2 seconds or less) and read out in English/Hindi the denomination, said the tender document.

In case of software based solution, the document said: “The solution can be either totally software based capable to run on mobile phones or hardware driven or a combination of both.”