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News

RBI proposes an application for identification of bank notes by visually impaired people

https://f002.backblazeb2.com/b2api/v1/b2_download_file_by_id?fileId=4_za8a2358db1d7f91b68b30916_f11712c6f096d6c93_d20190718_m121602_c002_v0001125_t0018

The Central Bank of India is proposing the development of an application that would help the 80 lakh visually impaired people in identifying the bank notes. On this account, several technological firms are asked to quote their bids for developing the mobile application.

Presently, there are denominations of 10, 20, 50,100,200,500, and 2000 notes being used widely in the Indian market. Besides this, rupee 1 notes are also issued by the Government of India for circulation.

The request issued by the Central bank said, “The application should be able to identify the denomination of legal tender banknotes of Mahatma Gandhi Series and Mahatma Gandhi (New) series by capturing the image of the notes placed in front of the mobile camera or scrolled across it”.

It also said, “the mobile application should be searchable via voice option in all app stores, it said, “The mobile application should be able to identify the banknote denomination in 2 seconds or less”.

Basically, RBI wants a full-fledged working application that would contain the following features:

  • Should be able to identify the legal Mahatma Gandhi notes and new Mahatma Gandhi notes when the camera is even hurled in front of it.
  • The application should be searchable via voice in all kinds of app stores.
  • The identification should be done in 2 seconds or less.
  • The application should perform also in offline mode, which is in the absence of the Internet.
  • Should provide support in the multi-lingual method.
  • It should be able to generate audio notifications

Cash being the most rooted form of economic and financial transaction in this country, it requires easy access to every layer and grade of people. This initiative proposed is expected to help a huge fraction of the population.

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RBI proposes an application for identification of bank notes by visually impaired people