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RBI to clear paper-load by going digital

The move could be a humongous exercise as RBI is looking at digitisation of approximately 30 lakh paper documents and it might take more than a year to complete the task.

twitter-logoPTI | January 31, 2011 | Updated 13:56 IST

Central bank Reserve Bank of India (RBI) is looking to clear its offices from the heavy paper-load and digitise all the documents lying in its various offices.

The move could be a humongous exercise as RBI is looking at digitisation of approximately 30 lakh paper documents and it might take more than a year to complete the task.

However, once complete, the exercise could help RBI to a great extent in its day-to-day operations, as a full digitisation of its entire archive of documents would cut down heavily on the time taken to access them.

Going paper-less has already become a trend in the sector with banks encouraging their customers to opt for email account statements, instead of the traditional paper documents.

To meet its digitisation goal, RBI has sought requests for proposals (RFPs) till February 11 from the entities capable of digitising the paper documents at all its offices.

The central bank also held a pre-bid meeting on January 28 to explain the queries raised by potential bidders, who would be required to first digitise the paper documents, provide training to the staff and also supply the required software and hardware products to meet the digitisation goal.

RBI told the potential bidders that approximately 10,000 pages would be required to be scanned per day and the exercise could involve digitisation of approximately 30 lakh documents.

The minimum assured quantity for scanning would be 15 lakh paper documents, it added.

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