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maxsellcurrencymachines · 3 years

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CASH COUNTING MACHINE

It takes a lot of time to sort and count money and time is a valuable commodity. As a result, making the cash counting process as reliable, fast, and as painless as possible is a no-brainer. Cash counting machines are used by banks, government departments, religious institutions, enterprises such as supermarkets, grocery stores, retail shops and many more. However, some people are wary of these computers because they seem to be so simple — as though they are cheating — when, in reality, they can prevent cheating by having instantaneous precision and identifying counterfeit money. So, how do cash counters function? The majority of machines are easy to use, compact, and need little to no instruction. However, a little extra experience will help you save time and money in the long run. Manual currency counting is time-consuming and error-prone. As a result, a little automation is needed in the form of a currency counting system. Based on your desired size, these devices are available in a variety of sizes. Some are portable, while others, including those used in banks, are designed to accommodate large sums of capital.

However, if you're considering purchasing a banknote counter, you may be unsure where to begin. These five characteristics should be at the top of the priority list.

You'll be able to find the device that better fits the company's needs if you consider them.

1. Think about Counting Speed.

It can appear self-evident to think of the machine's counting speed. After all, one of the reasons you're buying a banknote counter is to speed up the counting process and cut down on the time you spend juggling currency.

2. Consider the size and type of hopper.

As previously said, the scale of the hopper influences the pace of banknote counters. The unit is more effective when the hopper is properly sized. The smoother the counting process is, the fewer you have to wait to load more bills. If the hopper is so tiny that you have to sit there and feed bills through constantly, speed isn't an advantage.

3. Look at Batch or Adding Features options.

A batching feature is available on some money counting machines, which is useful if you need to manually strap cash for deposit. The computer will count up to a certain amount and then stop, allowing you to delete the batch before proceeding.

4. Counterfeit and Error Detection Are Important Features

If the machine counts incorrectly, using a banknote counter is useless. Miscounts attributable to folded or broken money, several notes fed at the same time, or bills of the wrong size may be reduced with a cash-counting system with built-in error detection.

ONE OF THE BEST DEVICE IN THE MARKET IS MX50I

The Maxsell MX50i is the most famous cash counting machine in India. Its high-precision sensors and sophisticated MG Spectrum Analyzing technology aids in the detection of counterfeit money when counting, ensuring that the MX50i does not skip any fakes.

BENEFITS OF CASH COUNTING MACHINE

Science and technology has made our lives easier, and daily technical advancements have increased production, quality, and accuracy. A cash counting machine is one such innovation that is now used in many departmental stores, financial institutions, hotels and the list is endless.

1. Saves time

The money counting machine can count notes even better than a person can, and it can hold a large amount of cash at once. The computer counts an entire package in a couple of seconds and provides correct data, saving us time in the recounting process. When manually counting notes, there is still the possibility of making a mistake, so the package can be rechecked.

2. Easy to Use

The currency counting unit is very simple to use. This computer has an automatic system that controls when they start and end. When the notes are properly positioned, the system begins counting and ends when the count is complete.

3. Counterfeit Notes Detection

The majority of currency counting machines have a feature that detects counterfeit money. If the computer finds a ripped, false, or unusable note, it will notify the user with a beep sound. This functionality is just one of the many reasons why people are increasingly turning to currency counting machines.

4. Perfection

These money counting machines are not only time savers, but they are also highly reliable, with a near-to zero risk of making an error. These machines are very silent as the notes are being counted.

5. Insightful

The current generation of currency counting machines are not only fashionable, but also intellectual. Instead of counting the notes, several computers now identify various denominations and provide the total number. This technique allows you to save time.

FAKE NOTES IN THE MARKET

Unfortunately, counterfeit Indian currency has been a major problem in recent years. Counterfeiters are getting so smart, and the current notes are so well made, that it's impossible to tell them apart.

THE ISSUE OF FAKE INDIAN MONEY

The official name for counterfeit notes in the Indian economy is Fake Indian Currency Note (FICN). The number of counterfeit notes in circulation is estimated to be in the millions. The worth, according to a report conducted by the National Investigation Agency in collaboration with the Indian Statistical Institute (ISI), is 400 crore rupees (4 billion rupees/$53.3 million).

HOW TO RECOGNIZE FAKE INDIAN MONEY

There are a lot of indicators that money is counterfeit. There are some of them:

· Watermarks that seem to be dense. Counterfeiting gangs also use tar, grease, or wax to make the image appear transparent.

· Instead of being inserted into the currency at the time of manufacturing, imitation protection threads are drawn or written on.

· Figures that aren't in the right place. Smaller or larger numbers, insufficient spaces, and multiple number alignments can all be viewed with caution.

· Split printed lines, as well as ink smudges.

· The "Reserve Bank of India" is written in thicker font than normal.

If you are having a small business, then here is the best machine for detecting fake notes

AUTOMATIC RUPEE DETECTOR BY MAXSELL TRUSCAN NEO

The Award-Winning Fake Currency Detector from Maxsell is the Truscan Neo. Neo has everything: design, style, compactness, and functionality. When it comes to identifying fake Indian rupee notes, the task is extremely difficult.

RBI GUIDELINES TO IDENTIFY FAKE NOTES

You may have a few fake currency notes on you in these days of depositing currency notes with banks. Given the potential for confusion if a bogus note is found in the batch you're depositing, you and the bank staff could choose to kill the note rather than keep track of it. However, should not be shocked by the bank's procedure if fraudulent notes are discovered.

1. Banks must use note counting and counterfeiting devices to spot false notes.

2. Counter workers would seize the note and forge it by issuing a number receipt, since it would be unethical to lose or return it.

3. Since no reward can be issued for the impounded note, please countersign the receipt and retain a copy to ensure that the bogus note remains part of the official investigative machinery.

4. If the counter staff destroys the note, file a written complaint with the bank office, as well as a copy with the RBI's Consumer Education and Protection Cell.

5. If 5 or more fake notes are used in a single transaction, a FIR will be filed; if the amount of fake notes per transaction is less than 5, no FIR will be filed immediately, but a monthly cumulative report will be submitted to the police authority.

Become acquainted with Indian currency.

The best way to detect fake Indian currency is to become acquainted with the appearance of genuine Indian currency. For this reason, the Reserve Bank of India has a website called Paisa Bolta Hai (Money Speaks). It includes big images of all new Indian banknotes, as well as extensive explanations of their security features.

#cash #indiancurrency #cashcounting #fakenotes

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maxsellcurrencymachines · 3 years

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Maxsell’s Karat Meter MXGT Karat Pro Compact Gold Tester for Jewelry Shops has undeniable advantages which help us improving efficiency for the jewelers and their customers at a greater level.

#gold #gold testing #jewellery blog

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maxsellcurrencymachines · 3 years

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How can jewelers improve their operational efficiency in 2021?

The glittering business of jewelry, which was expected to flourish and grow at an exponential rate in year 2020-21, is running at a very slow pace despite the wedding season ahead. The stores are experiencing less to no footfall due to the lockdown in several areas.

According to a few news reports it is being said that jewelry business did experience a setback, but despite that it is never going to have major losses because if you consider gold in India, it is an investment option as well as owned as jewels to be adorned by Indian men and women.

We need to focus on improving the efficiency and revolutionizing the Indian jewelry sector to meet the needs and wants of customers in 2021, who are always looking for options and new ways to be catered with.

Here are a few suggestions to keep in mind while you make changes in your procedures:

Store reopening- As and when the Government mandates are easing in states now, jewellery retailers are re-opening stores offering the best of safety standards and comfortable shopping experience for our customers. There is a plethora of measures that are put in place to secure the well-being of customers and employees and the workforce has been specially trained to maintain the rules of social distancing and follow strict safety norms and guidelines.

E-commerce- Different brands and players in the market- Divine Solitaire, Caratlane.com, Bluestone and many such companies have been successful in establishing the jewelry businesses online. Taking your business online helps you cater a larger audience and help you improve on the efficiency.

Digitization- As per a report by Ibef.com majority of players in the Indian jewelry market like Joyalukkas, Malabar Gold, Kalyan jewelers have started selling their jewelry online on Akshay Tritiya, In April 2020. It is quite evident that the Indian jewelers have taken their first step towards digitization. The pandemic has affected the business so much that the jewelers have incurred huge losses, going the digital way is the efficient way today.

Online Transactions- If the jewelers cannot shift their businesses online, least they can do is provide flexible payment options to their suppliers and customers through NEFT, UPI, Mobile wallets etc.

VR/AR – VR/AR is the new feature that has Indian jewelry market is going to bring In and Companies like PNG Jewellers, Popley and Sons, and PC Jewellers are planning to bring Virtual Reality experience for their customers. This technology will help customers to have an in-store purchase experience from the comfort of their homes. They will have to wear A VR headset, they can select any jewellery, see its details, and design and make the decisions.

Omni-Chanel - Omni-channel is not just about complementing offline stores with online web stores. It is about giving a hybrid experience to the customer. A successful omni-channel model can bring superior customer experience as well as greater operational efficiency to retail Jewellers. Thus, improving both topline and bottom-line for the jeweller.

Sales Analytics- If you want to efficient in your operations and on the same time be concrete about your sales, analytics is the option that can help you do this, slowly integrating everything with the help of analytics can help you derive various reports of expense and income based on stores and products. With this system you can analyze sales and expense based on product type, location, season, or behaviors etc. Maxsells’ MXGT Karat Pro Compact Gold Tester has simple software interface, that makes it easy to understand the details of Gold composition.

Inventory Optimization- Jewelers need to maintain right inventory of different jewelleries and accessories. Out-of-stock or overstock is a problem for business. Any delay or in ordering or negligence of the required items in the stock can result in losses. Focusing on real-time status of the inventory in the store and having information of stock levels can give an edge to the retailers as, if the stock in one store is not moving forward, it can be transferred to other stores for better sales. The optimization can be done with the help of analytics and data about trends and demand and supply scenarios.

3D Printing – It is one of the most valuable integrations in the digital jewelry business. These have created a wide range of benefits for the jewellery makers. They can make design that are detailed, can be altered easily, and production is faster. This technology has allowed the manufacturer to create beautiful and intrinsic designs. With 3D printing play a major role in the jewellery design process which creates an inclusive experience that is highly personalized and satisfactory.

Website- Maintenance and optimization of website has been essential to sustain in the digital world, which brings in new customers for you and helps you place your business in a better manner.

Testing and soldering machines- Why do we need a Gold Testing machine? Here are a few points that can answer the question.

· Increases Profitability, as customer trusts you and is less likely to bargain.

· Increase in Footfall of new customers, as today more and more customers look for Assurance in Gold quality.

· Exchange of old gold is easier and risk-free; it favors both jewelers and customers

· Assures your customers that Quality is your topmost priority, and you are Technology Driven.

· Helps Your Salespeople in Selling better and Closing Sales efficiently.

· Also, the jewelers are rest assured about the quality from their suppliers, which reduces any further procedure for jewelers to check the purity.

· For jewelers, providing loans on jewellery becomes easier, as they can check the quality of jewellery and decide the amount accordingly.

Maxsell’s Karat Meter MXGT Karat Pro Compact Gold Tester for Jewelry Shops has undeniable advantages which help us improving efficiency for the jewelers and their customers at a greater level.

Laser welding and soldering machines- Installing a machine for subtle design changes can help you save manpower for smaller tasks and will eventually reduce your operational cost. or Soldering Machines can help in quick fixing of broken or repaired jewellery in almost no time with simple pedal operation with simple control panel helps you weld even smallest jewelry easily.

So, following these suggestions would not only improve your business operational efficiency but will also help you get stability in your business through the pandemic.

#gold #gold jewellery #jewellery business #gold testing

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Maxsell Coin sorting Machine

Maxsell, an ISO 9001:2015 Certified organization offers wide array of field tested products such as Currency counting machines, Fake note detectors, Paper shredders under it Office Automation Equipments division. Buy Maxsell products with Best Service Backup from its dealers located in Major Cities & Towns across India.

#coin sorting #currency counting #gold testing

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maxsellcurrencymachines · 3 years

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Our Assurance

All our products are designed to deliver maximum efficiency. They are well built to meet the users' requirement and still priced competitively.

Maxsell products assures you best performance, long life of components and Comprehensive Warranty program, competitive Prices and Assured availability of Genuine Spare parts both during and after Warranty period.

Our Expansion

Maxsell products are exported to various countries in Asia and Africa. With dedicated and Exclusive Agents for our Banking Automation products and Office automation products across India and overseas countries. We are still striving our best to reach every market and make Maxsell available everywhere. Maxsell has found its place in Supermarkets & Hypermarkets, Online Market like Carrefour, Walmart, Amazon, Snapdeal, Gadgets Guru, etc.

#gold #gold testing #currency counting

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maxsellcurrencymachines · 3 years

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BIS Certification

India has a unique love for gold. Gold symbolizes auspiciousness and richness. It is an integral part of the lives of most Indians. The value of gold is what it is because of the ease of liquidity attached to it. Thus, there is a major concern of its purity. The hallmark is the symbol of its purity and authenticity. It determines and authorizes the content of precious metal in the precious metal articles. These are used in many countries as an official sign or mark as a proof of authenticity. It protects the consumers' rights against adulteration and fraud in precious metals and gems. There are different hallmarks in the country. BIS is one of them.

BIS hallmark is a scheme that is in line with international criteria in hallmarking. The scheme grants registration to the jewelers. So that, they can get their jewelry hallmarked from any of the BIS-recognized hallmarking centers. BIS is the acronym for Bureau of Indian Standards. From Jan. 15th 2021, it is a rile that no jeweler can sell gold without hallmarking.

Certain procedures need to be followed to obtain registration for the same.

1. The online portal of BIS under the Ministry of Consumer Affairs, Food & Public Distribution Government of India is available. Jewelers need to create an account on this portal.

2. After account creation login using the credentials

3. There you will find the registration form

4. Upload mandatory documents such as proof of establishment, proof of address of firm premises, proof of identity of the signatory, map of the nearest landmark, proof of annual turnover, logo, and identification marks

5. Pay the application fee (costs around Rs. 20,000)

6. Get the Grant certificate of registration.

7. You will receive a notification of the grant via SMS or email on your registered mobile phone number.

There are many hallmarking centers. These are authorized to issue hallmarks to jewelers. The list of centers is divided into regions. These are as follows:

1. Central Region

2. Northern Region

3. Southern Region

4. Eastern Region

5. Western Region

These are certain parameters that you should look before buying gold:

1. BIS: Gold jewelry is hallmarked by BIS will have its logo to indicate its purity verified by its laboratory. According to the BIS it is the only agency licensed by the government to ensure purity in any kind of gold article. Moreover, BIS hallmarking scheme is voluntary so anyone can offer their own marking in-house hallmarking which is not verified by BIS. So before purchasing the jewelry you must confirm if it is BIS hallmarked or not.

2. 22K916: Karat and fineness number is another measure of the purity of gold. 24KT is considered to be the purest form of gold but since it is too soft to be moulded into any jewelry it is mixed with other metals such as silver or zinc to make a jewelry. Fineness number is the measure in terms of purity in parts per thousand.

22K916 – For 22 Karat

18K750 – For 18 Karat

14K585 – For 14 Karat

3. Assaying Centre's Identification Mark:

4. Mark of Jeweler: The Jewelers who sell the jewelry also put their identification mark. The mark can be put on by a BIS certified jeweler.

The list of all the BIS certified jewelers can be accessed here

How is the Hallmarking Done?

The hallmarking process is carried out in 3 major steps:

1. Homogeneity testing

2. Purity Testing

3. Individual Items Marking

In the first phase of homogeneity testing all the item samples are checked so as to ensure that they all comply with the BIS regulatory standards.

In the second stage of purity testing a detailed analysis is carried out. As a start 1 out of 50 similar samples is randomly selected. After that a preliminary test with XRF gold testing machine is carried out on the surface of each item for further detailed examination. Lastly an assay test is conducted to find out the value, purity and fineness of the sample.

Then the final step of hallmarking is done using laser marking machine, press or hand marking based on the results obtained.

The government of India had submitted notices to the hallmarking and assaying centers to shift to the BIS hallmark in June 2021. They were supposed to register with the BIS. This concludes that BIS is the certified hallmark for gold. Make sure to see your gold is having the BIS hallmark.

FAQs

Q. How to check BIS hallmark?

Ans: The BIS hallmark/916 BIS hallmark is printed on the inner side of the gold jewelry. (Add the picture of the BIS hallmark)

Q. What is BIS certification?

Ans: BIS certification is the proof of authority of the seller. The certificate will be put up in the showroom or the shop. It is granted by the Government of India (The National Standards Body of India).

Q. Is 916 and BIS hallmark the same?

Ans: In lay terms, it is the same. 916 is the proportion of gold in the jewelry. Thus, BIS is 916 gold. It includes 91.6 grams of pure gold which of 22 carats. There are new standards approved by BIS – 18k & 14k as well. So there are 3 standards in total – 22k, 18k and 14k gold.

Q. What is the difference between BIS and ISI?

Ans: ISI stands for Indian Standards Institute and it provides standards of quality for everything. It comes under the Government of India. However, BSI is authorized to make use of ISI and provides a certification for the product quality. This is voluntary.

#gold test #gold testing #currency counting #bis #hallmark

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maxsellcurrencymachines · 3 years

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Maxsell since established in 2004 has been growing in business volume, size of the organization, product lineup and Market reach across the country in less than a decade.

Here at Maxsell, we work on strong ethics and principles of clean and long running business standing. We offer field tested products rather than other brands which solely base their products on closed room analysis. We constantly improve our products both in functionality, durability and operation standards. Our ideology is that there is never an end to the scope to improve any area of business Be it - Product quality, Management or Support.

Our products pass many European and American Safety and Quality standards yet they are priced competitive and affordable in order to provide our customers best value to their investment. Maxsell product yields more than any other competitive brands.

#coin sorting #gold testing #currency counting machines

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maxsellcurrencymachines · 3 years

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WHAT IS THE PROCEDURE FOR OBTAINING A GOLD LOAN?

The gold loan mechanism is somewhat close to that of other insured loans. In this case, you take your gold items to a lender along with the required paperwork. The lender assesses the gold items and verifies the documentation submitted. The lender approves the loan amount based on the assessments. According to the loan arrangement, you must repay the principal sum as well as the interest amount in order to get the pledged gold papers. Most lenders will sell a gold loan worth up to 75% of the market value of the pledged gold. For example, if your gold is worth 2 lakhs, you will be approved for a loan of no more than 1.5 lakhs. Aside from the debt-to-value ratio, the loan volume is determined by a number of other considerations, including the loan's duration and the borrower's repayment ability.

#gold testing #money counter #note counting machine

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GOLD LOAN IN TAMILNADU

India is one of the world's biggest gold buyers. According to the World Gold Council (WGC), India's annual gold demand rose by 804% from 1987 to 2016. And the pattern doesn't seem to be going anywhere anytime soon. Aside from being used for manufacturing, commercial, and investment needs, the precious metal can also be used to obtain a loan in the event of a financial emergency. In reality, a gold loan is one of the simplest and quickest ways to get money when you need it most. And if you have a bad credit score but a lot of gold in your safe, a gold loan might be the best financial option

#gold loan #gold testing #gold price #currency machine

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maxsellcurrencymachines · 3 years

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GOLD LOAN IN TAMILNADU

With gold loan becoming more common every year, it's important to understand not just what it is, but also how it operates, gold loan interest rates, and other information.

WHAT IS A GOLD LOAN, EXACTLY?

A gold loan (also known as a loan against gold) is a guaranteed loan obtained from an investor in exchange for the borrower's gold articles (within the range of 18-24 carats) as collateral. Based on the actual market valuation and condition of gold, the loan sum given is a percentage of the gold, usually up to 80%.

WHAT IS THE PROCEDURE FOR OBTAINING A GOLD LOAN?

WHAT FACTORS DO LENDERS INCLUDE WHEN DETERMINING THE SIZE OF A GOLD LOAN?

Lenders examine the purity and weight of the pledged gold before accepting the loan application. The market value of gold is measured based on its present cost, which aids in determining the final gold volume that will be approved by lenders.

WHAT ARE THE ADVANTAGES OF GETTING A GOLD LOAN?

A gold loan is equivalent to a personal loan except that it should be used to fulfill your immediate financial needs, such as for an overseas degree, wedding costs, medical emergencies, or some other personal reason.

· Owing to the protected essence of a gold loan, it can be processed quickly with minimal paperwork.

· Flexibility of Usage- Since the final use is not monitored, you have the freedom to use the loan for some form of expense.

· Other than the pledged gold ornaments, you are not allowed to send any other protection or collateral to the lender.

· Lower Interest Rates: Since gold is used as insurance, interest rates on gold loans are lower than those on personal loans.

· Gold loan is an excellent way to collect cash and use it anytime you need funds to fulfill your financial obligations. It's also safer to keep your valuables in a bank or financial institution's locker than at home.

WHAT RECORDS ARE NEEDED IN ORDER TO PROCESS A LOAN APPLICATION?

The documents needed to apply for a gold loan differ from one lender to the next. However, the following records are included in the standard list: Identity proof (PAN Card, Voter's ID, Aadhar Card, etc.) and Address proof (Passport, Driver's License, Electricity Bill, etc.) are all required. Documentation gold loan per se is utmost minimum.

WHAT ARE THE MOST POPULAR RATES OF INTEREST AND TRANSACTION FEES?Interest rates on gold loans vary from 9.24 % to 17 %, depending on the lender. Few lenders often charge a servicing fee around 1% of the loan volume. Before applying for a loan, it is often a good idea to review and match interest rates, application fees, late payment fees, and pre-payment fees with the provider.

TOP GOLD LOAN IN TAMILNADU

1. MUTHOOT GOLD LOAN

Among India's NBFCs, Muthoot Finance has the largest gold loan portfolio. The organisation has been delivering reliable services to over 2.5 lakh customers every day for the past 133 years. Muthoot Finance's gold loans allow you to borrow money in exchange for your gold jewellery, ornaments, and other valuables. A gold loan is the simplest way to fulfil your financial needs if you are unable to obtain credit through traditional banking networks or if you are unable to obtain the exact amount you need.

https://www.muthootfinance.com/gold-loan

2. MANAPPURAM GOLD LOAN

In manppuram finance , minimum requirements include a valid copy of a passport, driver's licence, Aadhaar number, voter's ID, NREGA job card duly signed by a state government officer, and a letter from the NPR containing name and address information. One of the most recent photographs, The Permanent Account Number, also known as Form No. 60, is a number that is specified in the Income-tax Rules of 1962. Pay interest only for the actual length of time that the loan was taken out and for the exact amount of days that it was taken out. Various plans for various uses, catering to all income levels.

https://www.manappuram.com/gold-loan.html

3. TNSC BANK

The Tamil Nadu State Apex Co-Operative Bank Limited has launched a loan against gold scheme with a lower interest rate to assist low-income citizens in navigating the ongoing liquidity crisis. The gold would be worth 10% higher under the scheme than it would be under standard gold schemes.

https://www.tnscbank.com/individual/loans/jewel-loan/

4. TAMILNADU GRAMA BANK

To meet the financial needs of its clients, Tamil Nadu Grama Bank provides gold loans. It is available against gold jewellery in all of its subsidiaries. The fastest way to get money for agriculture and related things is to take out a gold jewel loan.To obtain funds for personal and business needs, take out a gold jewel loan. Depending on the scheme, repayment can differ.

https://www.tamilnadugramabank.com/pgjl

5. TAMILNADU MERCANTILE BANK

1. Agriculture jewel loan

Jewel loans are provided on the basis of agricultural loans such as crop loans, development loans, poultry loans, and fisheries loans, among others. Interest is MCLR+0.33%

2. Non agriculture jewel loan

Gold loans for every purpose, also known as ordinary gold loan. Interest is MCLR + 1.55%

https://www.tmb.in/jewel-loan.aspx

6. PNB GOLD LOAN

PNB provides one of the lowest gold lending rates, at 8.75 percent, to all current and new bank account clients. The interest rate on a PNB jewel loan varies depending on the amount borrowed, the purity of the gold, and the loan-to-value ratio.

https://www.pnbindia.in/personalloangoldandjewellery.html

7. ICICI GOLD LOAN

The ICICI Bank Gold Loan is the best choice for your financial requirements. You can take out a Gold loan for a variety of reasons, including child schooling, company extension, down payment on a home or car, medical emergencies, family vacations, agricultural needs, and so on. You'll get the following benefits with an ICICI Bank Gold Loan:

· Obtain a Quick Loan Around The Table

· Interest Rates That Are Attractive

https://www.icicibank.com/Personal-Banking/loans/gold-loan/apply-now.page

8. SBI GOLD LOAN

SBI Gold Loans are obtained by offering as collateral with SBI the applicant's own gold ornaments or gold coins issued by banks. The application process is simple and takes little time. The interest rate on a gold loan issued by SBI starts at 7.30 percent and goes up from there. The sum of the gold loan will be used to fulfill a number of financial needs. The funds should not, however, be used for speculative purposes.

https://sbi.co.in/web/personal-banking/loans/gold-loan

9. CANARA BANK

Swarna Loan, Swarna Overdraft, and Swarna Express Scheme are perfect for you if you need funds for medical expenses or some other contingencies.

· No hassle, simple loan, no co-payment, and no promise needed.

· Interest rate that is fair

https://www.canarabank.com/User_page.aspx?menulevel=1&menuid=3&CatID=29

10. FEDERAL BANK

In Federal bank , Instant cash against gold with low interest rate i.e 8.50% and benefits like

· Low concern rates

· Paperwork is minimal, and funds are disbursed quickly.

· The loan will be secured by a 22-carat gold guarantee. ornaments made of gold

https://www.federalbank.co.in/federal-gold-loan

11. Bank of Baroda

Bank of Baroda has launched “Retail Gold Loan Shoppe” across India to provide easy and fast gold loan to the public. Attractive interest rates, maximum loan value, easy repayment schemes are the highlights of Retail Gold Loan Shoppe by Bank of Baroda.

They have also provided advanced Maxsell Gold purity testing machines to these branches and ensure the gold loans are processed quickly with maximum gold loan value to the consumers.

https://www.bankofbaroda.in/advance-against-gold-ornaments-jewellery.htm

Similarly, when it comes to transaction fees, Federal Bank is the safest bank to take a loan against gold because they have the lowest processing fees of Zero Charges. According to the current rates as of 09 April 2021, Manappuram and Federal Bank are the top lenders providing the highest gold loan amounts.

More and more companies and banks are expanding and improving their gold loan portfolio across Tamilnadu and India as Gold loan will grow upto Rs. 4617 Billion by 2022 as per a survey conducted by KPMG firm. Gold loan is going to be the best credit option for both consumers and the lenders, as it can safe guard the interest of both the parties.

#gold testing #currency counter #money counting

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maxsellcurrencymachines · 3 years

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Maxsell

High Quality Cash Counting Machines, Currency Machines, Gold Testing Machines, Laser Marking machines, Fake Note Detectors & Cash Counting Machines. Laser Soldering Machines, Document shredders IN

#goldtesting #currency

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maxsellcurrencymachines · 3 years

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Gold Testing Machine-Maxsell

GOLD TESTING MACHINE

The XRF Gold testing machine is a scientific instrument that employs X-rays to determine the purity of gold. X-ray analysis has been introduced by foreign organisations in India as part of the determining the purity in most efficient and quickest way. It's a precise, non-destructive method of determining the purity of gold and other metals. The X-Ray method of gold analysis provides a purity of gold of up to 10-12 microns, so it can penetrate to the extent and provide the purity result. In 20 seconds, this method will calculate the exact percentage of karat (of karat) in a solid piece of jewellery or any size or shape of a sample. It also calculates the element concentration of all forms of gold, white gold, platinum, silver, palladium, rhodium, and related alloys with pinpoint accuracy.

Maxsell Gold testing Machine

The chemical composition of many types of materials can be determined using Energy Dispersive X-Ray fluorescence (ED-XRF), which is a simple, precise, and cost-effective analytical tool. It is non-destructive and dependable, involves minimal sample preparation, and can be used for solid, liquid, or powdered samples. It can detect a wide variety of elements, from Chlorine (17) to Uranium (92), and has detection limits of over one part per million (PPM). Aside from the X-ray spectrometer, other older conventional approaches for testing gold purity include TouchStone and Acid. TouchStone and Acid, on the other hand, are toxic tests in which a small sample of gold is scratched and then analysed. In traditional fire assay method you will have to process the sample by melting it and then the long procedure of separation of elements, yields results after several hours. Not to mention the hazardous pollution it generates due to lead and acid usage in the process.

HOW DOES GOLD TESTING MACHINE OPERATE

Electronic or XRF based measuring machines are the most reliable and safe way to test gold. This accredited process can be used by both skilled appraisers and gold owners to determine the precise composition of their gold pieces. If you want to authenticate your gold coin or strip, you can use this method. For your high-quality investments, you shouldn't have to worry about any possible inaccuracies or losses caused by the old and outdated gold testing methods. If you plan on checking gold products regularly, you should consider purchasing an automated gold testing system like Maxsell MXGT Aurum. Simply obey the manufacturer's guidelines that came with the device to ensure that the tests yielded correct results. Silver, platinum, and palladium are also checked in this.

WHICH TYPE OF TESTER IS THE MOST EFFECTIVE?

XRF Gold testing machines helps you to see if the substance has any gold and assess the purity without destroying it. Since certain gold items have other elements, this is a good way to determine how much of the substance is gold without destroying it like an acid test.

The best gold tester is usually the inbuilt type system. Since most of us are accustomed to use mobile phones, Gold testers with inbuilt system and software UI like mobile app is an apt choice for your business. It has way too many advantages than the external PC based gold testing machines.

XRF GOLD TESTING MACHINES: HOW RELIABLE ARE THEY?

If you're thinking of buying a gold testing machine and you want to know that your money will be well spent? What distinguishes ordinary measuring instruments from exceptional electronic gold testing machine is their dependability. When looking for a gold tester, it's important to consider how long the tester can have reliable results depends on the testing procedure. Opting for reliable brand and established supplier could be one of the most important consideration while investing in Gold testing machine for your business. The number of years in business, their services and their expertise knowledge of the industry.

IS THE ACCURACY OF ELECTRONIC GOLD TESTERS RELIABLE?

So you've discovered a trustworthy gold measuring system. That's fantastic! Now you're about to start measuring the purity of your gold, but you have another question: "How reliable is this tester?"

A vendor data sheet should be included with every unit, detailing the gold tester's relative accuracy. Tests a couple of uniform samples or standard references to identify the precision of the instrument, cross check it with a reliable chemical based test lab, to ensure the accuracy is according to the industry norms.

The best practise to compare the accuracy is, tests a couple of samples in minimum 3 different labs and then compare with the instrument you are interested to buy. This way you can test the accuracy before you purchase.

WHAT OTHER CHARACTERISTICS SHOULD I BE ON THE LOOKOUT FOR?

Many other electronic gold tester features would be useful to you depending on your level of interest. This is one place that you may want to make a list of what you want to do with your gold tester and buy accordingly.

However, the following are some of the most common features that people look for while shopping:

The number of tests that the device is capable of performing

The number of checks that your computerized gold testing machine will perform is critical if you are testing a large number of gold samples or if you are a long-term hobbyist. This feature's value continues to grow with device pricing, because there's a sweet spot where the expense inevitably outweighs the benefits.

User-Friendliness

Let's face it: technology can be overwhelming at times. You want a gold tester for a user interface that is almost instinctive. For top-tier gold reviewers, it may be a deal-breaker that they often come with extra features that you will never need. So focus on user friendliness, the ease of operation and ease of placing the sample to test. Most instruments focus on laboratory users, which means only a chemist can operate under laboratory conditions. Whereas jewellers or jewellery manufacturers rely upon user friendly system than complex software interfaces.

Is it suitable for your investment?

Modern testers come in a variety of sizes and forms and at different price range. Choose the one that fits your usage and requirement followed by the size of pocket it requires to invest. Infact invest on equipment that is going to be useful for future as most of these instrument have life span of over 10 years. And during this period. The price of Gold is certain to appreciate and prone to several contaminations and mal practices. So consider for long term and invest on based on your future needs. Consider the type of detector being used and their advantages. Before you decide your final call.

HERE ARE MY BEST PICKS

MXGT Aurum All Metal Gold Assaying Machine

MXGT Aurum adds to the convenience of operating the instrument through an Industrial standard touch screen with HD Display. It can be your best choice, if you're looking for reliable results, Results that are par with Fire assay standards. Its advanced Si Pin Diode detector ensures highly stable performance.

Maxsell guarantees 100% customer satisfaction for samples tested on MXGT Aurum. We have configured it specially to meet typical Indian condition of Gold jewellery and samples. The software is specially designed to fight the adverse effects several environmental conditions, operator knowledge, etc.

By detecting all malicious and prohibited (powder) elements like Iridium, Ruthenium, Cadmium, Osmium, etc. MXGT Aurum meets BIS requirement for analyzing Jewellery and samples as per BIS or Hallmark standards.

Existing users are highly satisfied with its performance in terms of accuracy, durability and stability. And its aggressive pricing can make the best competitor in the industry run for their money.

MXGT DESRIRE & DESIRE PLUS 1 TOUCH GOLD TESTER

Gold Tester

Maxsell's World's First Aluminum Alloy Machined Gold Purity Analyzer has a Smart Feature called Want, which reflects every customer's desire to own the best in the industry. MXGT Desire features a Si-Pin Diode detector, while Desire Plus features a Silicon Drift Detector (SDD), all from Ametek USA, the world's first fully aluminum machine.

The Main Gold Tester is made up of some of the finest materials available on the market. This allows the system to consistently provide you with accurate test data. Since it is so easy to use, customers from all over the world have proven its usability. The Key Gold Tester is compact but tough, and it's ready to explore the world from the comfort of your pocket.

#gold testing #gold check #gold purity #gold testing machine #maxsell

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maxsellcurrencymachines · 3 years

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#gold testing #currency counter #fake note detector

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maxsellcurrencymachines · 3 years

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Rapid Testing Speed Results - 20 Secs

Compact Design with Inbuilt Touch Screen

High Resolution Gas Proportional Counter Technology based Gold Testing Machine

Ideal for Jewellers, Old Gold Purchase, Bank, Jewel Loans

#goldtesting #currencymachines #currency counter #moneycounting

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maxsellcurrencymachines · 3 years

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MX50i Turbo - Advanced Note Counting Machine With Value Count - Ready for 2000, 500

MX50i Turbo is Incredibly Intelligent, Accurate & Makes Currency Management absolutely Simple Task with Value Count, Bank Mode, Sort & Fake Detection Functions. MX50i Turbo is one of India's Most Advanced and heavy duty money counter with Features that are offered to Indian customers for First time & Priced very competitively. Ideal for Banks, Currency Chest, Large Volume cash transaction, Works Continuously.

The front loader will allow you to pile up large amounts of banknotes and gradually add more as the machine processes those already deposited, which suits ideally for Currency chests & similar type of application. Find out total and partial values and detect counterfeit banknotes at a speed of 1,500 notes per minute. For ease of use, you can also Print out the results using the Optional Printer.

With its Hopper capacity over 400 notes, it can take load of notes just as easy as placing it on the table. No hassle in insertion of large or small volume of notes.

Advanced 3D identification & I-Scan Detection feature MX50i Turbo is fully charged up with Performance, Precision & Perfection. I-Scan now Intelligently programmed to make it fully User friendly. With I-Scan feature You can be assured of detecting most types of super fake notes that look, feel & sense like Original notes or at times they even surpass the quality of a genuine notes.

MX50i Turbo counts all the mixed notes without having to sort and calculated manually. Yes Just place the notes of any denomination in any direction or form, It Counts, Scans & Detects - Currency denomination & also looks out for Fake notes hidden in it. And displays result in total value with option to Sort & Free count too. It surely is the best tool to organize your cash and save the repute of your organization from getting dumped with Fake Notes which are very difficult to find from bunch of currency your cashier receives.

Large LCD Backlit Display eventually gives every Information the user can use. Get report on Screen or to the attached printer at the press of a button. Hi-Speed counting of upto 1500 Notes / Minute & Digitally Selectable Speed. Heavy duty motor and highly qualified electronics with high temperature tolerance are used, making it sturdy and reliable for long time and continuous operation.

Our latest Achievement in Turbo is making it 100% RBI Compliant for Pre2005 Currency detection for all Denominations with two modes for convenient use - Pre2005 mode & Bank Mode. No other currency counter in India can offer you such features and functions, WE BET !

#currency #cash #fake notes

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