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South African Reserve Bank

Overview of branch functions 

The Bank is responsible for the bulk distribution of banknotes and coin and in order to fulfil this function currently operates branches in Bloemfontein, Cape Town, Durban, East London, Johannesburg and Port Elizabeth.

The main functions of the branches are to accept bulk deposits, effect withdrawals and process banknotes deposited, to ensure that adequate banknotes of acceptable quality are available for re-circulation. Banknotes not meeting the required quality standard are destroyed. The branches also ensure that new banknotes are circulated in all the geographical regions of South Africa.

Members of the public have access to teller facilities at the branches for the replacement of mutilated banknotes. The branches can also purchase gold coin from members of the public.

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