RBI selects vendor for developing mobile app for visually impaired

Moving ahead with its plan to enable visually impaired people to identify currency notes, the Reserve Bank of India has selected a vendor to develop a mobile phone-based application for them. RBI selects vendor for mobile app The RBI on September 6 had told the Bombay High Court that an internet connection would not be required for its proposed mobile application which would help visually impaired people identify currency notes. As many as 16 vendors had shown interest in developing the mobile phone-based application and five made to "final ranking", said an RBI document. Daffodil Software Pvt Ltd has been selected to develop the application, it added. At present, banknotes in the denominations of Rs 10, 20, 50, 100, 200, 500 and 2,000 are in circulation, besides Re 1 notes issued by the Centre. READ: RBI Plays Down Deepening Slowdown As Just 'cyclical Downswing' Identification of banknote denomination is key to the successful completion of cash-based transactions by visually impaired persons. Intaglio printing based identification marks for helping the visually challenged in the identification of banknotes denomination are present in the notes of Rs 100 and above. After demonetization of old Rs 500/1,000 notes in November 2016, new banknotes in design and sizes have been put in circulation. "The Reserve Bank of India has been sensitive to the challenges faced by the visually challenged in conducting their day to day business with Indian banknotes," the central bank had said while scouting for a vendor to develop the mobile application. RBI Excess Capital Had Earlier Benefited Congress: Here's How Mobile App for the visually-disabled The proposed mobile app would be able to identify the denomination of notes of Mahatma Gandhi Series and Mahatma Gandhi (New) series by capturing the image of the notes placed in front of mobile camera, the RBI said while inviting bids from tech firms to develop the app. The app will also generate "audio notification" intimating the currency note denomination to the user if image is captured correctly, else intimating the user to try again in case of image is not readable. 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 central bank had stated that it would explore the feasibility of developing a suitable device or mechanism for aiding visually impaired in the identification of Indian banknotes. READ: Windfall From RBI To Give Government Ammunition To Fight Slowdown RBI To Cut Interest Rates By 40 Basis Points Before This Fiscal-end: Fitch

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RBI selects vendor for developing mobile app for visually impaired

Moving ahead with its plan to enable visually impaired people to identify currency notes, the RBI has selected a vendor to develop its mobile application.

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