RBI / 2004-05 /479
DCM (S & D) No. G.42 / 12.02.29 / 2004-05
May 24, 2005
The Chairman / Chairman & Managing
of all banks having currency chests
Security Arrangements for guarding
Please refer to our circular DCM
(S & D) No. 172 / 12.02.29 / 2002-03 dated August 30, 2002 read with circular
CO. DAPM. CSC. No. 316 / 15.08.02 / 2004-05 dated February 19, 2005 in terms
of which banks have been permitted, in case of non-availability of State Armed
Police, as an interim measure, to make their own guarding arrangements for their
existing / new currency chests either through own personnel or through reputed/
reliable private security agencies, subject to their ensuring, inter alia, that
such private agencies have obtained security clearance from the State Government
authorities, both for the agency and persons deployed.
2. Government of India have advised
us that henceforth banks may seek only Directorate General Resettlement (DGR)
sponsored Ex-servicemen Security Agencies or DGR sponsored State Ex-servicemen
Security Corporations for guarding arrangements of currency chests.
3. For any information / clarification
in this context, you may contact directly the Directorate General Resettlement,
Ministry of Defence, Government of India, West Block-IV, R. K. Puram, New Delhi-
110 066 (Fax No. 011-26192350 and Tel. No. 011-26192352).
4. Kindly acknowledge receipt.
(U. S. Paliwal)
Chief General Manager