At ICICI Bank, now robots count cash at its currency chests
As you know the banking sector developing, recently private sector’s famous bank ICICI starts a new thing, as a loan provider ICICI bank is a leading bank and now it will use ROBOTS for count cash. ICICI Bank 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.
ICICI bank has been placed 14 industrial robotic arms at its prominent currency chests across 12 cities to digitize the currency sorting process.
These Robots are placed in Siliguri, Mumbai, Sangli, Bengaluru, Bengaluru, Jaipur, Chandigarh, Bhopal, Raipur, New Delhi, Hyderabad, and Varanasi, said ICICI Bank Head of Operations & Customer Services, Anubhuti Sanghai.
These robotic arms now help sort over six million notes every working day and 1.8 billion annually. This brings in a frictionless and completely mechanized process of note sorting that leads to higher accuracy and flexibility to handle larger volumes continuously. It has also enabled the personnel to focus more on value-added and supervisory functions.