Introduction of IS 18663:2024.

ISI/BIS Certification for Note Sorting Machines as per IS 18663:2024. Note Sorting Machines play a vital role in banking and financial operations by efficiently segregating currency notes based on denomination, authenticity, and condition. The IS 18663:2024 standard ensures these machines meet stringent quality, reliability, and operational requirements. This certification is pivotal for ensuring secure and seamless cash handling across banks, retail, and financial institutions.

Significance of IS 18663 – Note Sorting Machines

IS 18663:2024 lays down the technical specifications and performance criteria for Note Sorting Machines. The standard covers essential parameters such as accuracy in denomination detection, counterfeit detection capabilities, speed, durability, and user safety features. Compliance with this standard ensures the machines are equipped with advanced technology to meet modern-day currency handling needs effectively.

BIS Certification under IS 18663:2024 serves as an assurance of quality and compliance. Certified Note Sorting Machines meet the rigorous performance benchmarks set by BIS, ensuring reliability and accuracy. This certification not only fosters consumer trust but also aids manufacturers in meeting regulatory requirements and enhancing their market credibility. The certification process involves comprehensive testing to verify compliance with IS 18663:2024. This includes evaluating counterfeit detection efficiency, sorting accuracy, operational speed, and system durability under various conditions.

 

Product Name Note Sorting Machines
Applicable Indian Standard IS 18663:2024 Applicable Certification Scheme Product Certification Scheme (ISI Mark Scheme) Scheme 1 – Schedule 2
Compliance Requirement Required Certification
Scope as per Standard These machines are used in cash-related businesses such as banks, retail stores and hotels to aid in cash management and reduce errors.

Timeline for Certification Course

The estimated timelines for obtaining BIS certification are:

 

    • For Indian Manufacturers (Standard Timeframe – 30 to 40 days)
    • For Foreign Manufacturers (Standard Timeframe – 180 days)

 

MANDATORY DOCUMENTS REQUIRED FOR FMCS ISI MARK CERTIFICATION

Following are the essential documents, must be available with the applicant before initiating the project:

 

    • Factory/company registration documents
    • Flow chart of manufacturing process
    • Manufacturing capabilities in-house and also outsourcing agreement of manufacturing operation, if applicable.
    • Adequate facilities for testing
    • Quality Control Parameters and their records
    • Accept Scheme of Testing & Inspection and Annual Marking fee, laboratory product testing report and other information as per BIS norm and so on. The list of documents is quite tedious and can be obtained from BIS.
    • Application Form
    • Nomination of Authorized Indian Representative
    • Indemnity Bond
    • List of Manufacturing Machinery
    • List of Test Equipments
    • Test reports

 

 

Please note, after receipnt of above documents, the drafts copies will be prepared and shared for your further proceedings.

 

Summary

BIS certification for Note Sorting Machines under IS 18663:2024 highlights the importance of quality, security, and operational efficiency. Manufacturers must adhere to this standard to ensure their products align with regulatory requirements and market expectations, reflecting a commitment to excellence in financial technology. For expert guidance in obtaining BIS certification, contact Aleph India and ensure your products comply with the highest standards of excellence and regulatory requirements.

FAQs

Why is BIS certification mandatory for Note Sorting Machines as per IS 18663:2024?

BIS certification ensures that Note Sorting Machines meet the required standards for accuracy, counterfeit detection, durability, and operational efficiency. This certification fosters trust among users by guaranteeing the machines’ reliability and compliance with quality benchmarks.

What tests are conducted during the BIS certification process for Note Sorting Machines?

The certification process involves evaluating key performance parameters, such as denomination detection accuracy, counterfeit detection efficiency, sorting speed, durability, and user safety under various operating conditions.

How long does it take to obtain BIS certification for Note Sorting Machines?

The typical timeline for obtaining BIS certification is:

Indian Manufacturers: 30 days
Foreign Manufacturers: 180 days

What are the benefits of BIS certification for manufacturers of Note Sorting Machines?

BIS certification enhances a manufacturer’s credibility by demonstrating compliance with stringent quality standards. It also helps gain market acceptance, ensures regulatory compliance, and boosts customer confidence in the product’s reliability and performance.