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Overview Of Banknote Sorting Machine

Jul 13, 2021

Application status of banknote sorting machine

According to the survey, the sorting machines used by commercial banks in my country are mainly imported products. By the end of 2003, the installed capacity of cash sorting machines in China was close to 2,000, among which 95% were imported products; by the end of 2007, the installed capacity of cash sorting machines in China had been close to 10,000 units, of which the proportion of imported products was as high as 70%. Calculated based on the current ICBC, China Construction Bank, Agricultural Bank, and Bank of China each having 20,000 outlets across the country, plus the outlets of other commercial banks, there should be a demand for nearly 100,000 units. The market’s demand for cash sorting machines is divided into two levels: The People’s Bank of China and commercial banks in economically developed regions have gradually adopted internationally advanced centralized management models for cash in a city or region, equipped with high-performance, high-efficiency medium and For large sorting machines, most sorting machines are used in ATM cash distribution; while commercial banks in other backward areas still use the decentralized model to manage cash, and each branch has small, inexpensive machines. In most branches, branch offices, and savings houses, sorting and sorting are mainly handled manually. The current banknote sorting machines on the market, the central bank is still dominated by large and medium-sized sorting machines, and the major commercial banks are mainly small and medium-sized sorting machines. The annual demand and holdings of the market are increasing, and they will soon enter a market. The stage of rapid growth in demand.

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Benefits of application of banknote sorting machine

1. The promotion and application of the cash sorting machine has greatly improved the automation level of the bank's cash processing business, speeded up the cash flow rate, reduced the pressure on inventory funds, activated the capital stock, and had obvious economic benefits;

2. Use the banknote sorting machine for automatic sorting and processing of banknotes, reducing the labor intensity of front-line tellers. After sorting out the banknotes and cash, the remnants of the banknotes were recovered and the counterfeit banknotes were removed before they were handed over to the People’s Bank of China’s issuance library and distributed to customers. They have generally won unanimous praise from customers and the People’s Bank of China, achieving a win-win effect and significant social benefits.

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Features of banknote sorting machine

1. Small sorting machine, with its small size, small footprint, convenient operation, fast sorting speed, accurate sorting, easy maintenance, etc., is very suitable for the application needs of small central warehouses in banks, and is being used by more and more commercial banks. Recognized. Whether it is in terms of work efficiency, sorting effect, cost, etc., especially the implementation of the new 70% banknote standard of the People's Bank of China, the use of small cash sorting machines for modern banknote sorting processing will be an inevitable trend in the development of commercial banks in the future.

 

2. The small sorting machine should be used at the front desk or for pre-sorting preparations before the cash enters the vault, and should not be used as the main means and tool for the centralized sorting of the central vault. The working position of the small sorting machine will be transferred from most of the work in the background to the front desk, or the use of the small machine will return to its original position.

 

3. The small sorting machine will develop in the direction of multi-function and multi-currency comprehensive integration. These two improvements will enable small sorting machines to gradually replace low-end financial instruments or other sorting machines with imperfect functions. Because there will be more and more counterfeit banknotes, and the quality will be more and more agreed, so the selection and use of small sorting machines are becoming increasingly urgent. At the same time, with the increasing influence of the WTO, the opportunities for the front desk to deal with foreign currencies will greatly increase, which means that the front desk will have more and more work pressure. And a small multi-currency sorting machine with complete functions will greatly relieve the pressure of front desk work.

The development of banknote sorting machines

With the further implementation and promotion of the national gold card project, electronic money will be used more widely. This is an indisputable fact. However, since my country is a developing country, the economic development of various regions is uneven, and the circulation of cash will be within a certain period of time. It should be mainstream. In addition, due to the implementation of the gold card project, the application of ATM will be more extensive, which also provides development space for the promotion of sorting machines. Today, we will focus on the development of centralized cash processing, network processing, and the use of large, medium and small sorting machines.

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