<h1>RBI Revives Guarantee Scheme for Banks to Manage Specified Bank Notes, Easing Storage and Processing Strain.</h1> The Reserve Bank of India (RBI) has revived the Guarantee Scheme to address the accumulation of Specified Bank Notes (SBNs) at bank branches and currency chests, which strain processing and storage capacities. Under this scheme, banks can deposit SBNs directly with RBI offices, where they remain under the banks' lock until examined. Credits are provided to banks' current accounts, with any discrepancies later recovered. This facility is available to all banks, including those without currency chests, and post offices with RBI accounts. The scheme also allows banks with additional storage to operate under the Chest Guarantee Scheme for SBNs.