Tuesday, August 02, 2005

Waterlogging of currency notes and documents?

Amidst all the rain and floods it really seems we are using the poorest of technology and applications of it when it comes to "strongrooming" our money or documents. Some of the bank branches in Mumbai are suffering from soiled currency notes and documents.

The strong rooms and vaults of most of the banks are located in basements. If not flooding in basements, banks had to deal with the problem of water leakage, said a bank official. An official of State Bank of India said that two to three branches in Vile Parle, Juhu and Bandra were waterlogged, causing damage to currency and documents.
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