WebMar 7, 2024 · MUMBAI: The RBI has penalised SBI Rs 40 lakh for not complying with its directions on detection and impounding of counterfeit notes. The RBI said it found deficiencies on SBI’s part in regulatory compliance with counterfeit note norms. WebMar 7, 2024 · "The Reserve Bank of India (RBI) has imposed, on March 01, 2024, a monetary penalty of Rs 4 million on State Bank of India for non-compliance with the directions issued by RBI on Detection and...
RBI Master Circular on Detection and Impounding of Counterfeit Notes ...
Web44 rows · Jul 2, 2024 · Master Circular – Detection and Impounding of Counterfeit … WebJan 16, 2005 · The Reserve Bank of India (RBI) on July 01, 2024 has issued a master circular on the detection and impounding of counterfeit notes. Following are the guidelines for detection and impounding of counterfeit notes: • Bank notes submitted on the counter shall be checked for authenticity. All the counterfeit notes shall have a … citydoc grantham
FAQs on Detection and Impounding of Counterfeit Notes
WebSep 19, 2009 · The full title of this book is "How to Detect Counterfeit Bank Notes: or, An Illustrated Treatise on the Detection of Counterfeit, Altered, and Spurious Bank Notes … WebApr 24, 2024 · After a complaint is raised, the counterfeit notes are examined by the bank and if satisfied, the bank will issue an acknowledgment slip and impound those notes, following which the bank will file an FIR at the nearest police station. Read: In Pics: World Bank Says India Has Recovered From Demonetization And GST Impact, But Is It True … WebJul 20, 2024 · The Counterfeit Notes can be impounded by- (i) All Banks. (ii) All Treasuries and Sub-Treasuries. (iii) Issue Offices of Reserve Bank of India. Detection of counterfeit notes Banknotes tendered over the counter / received directly at the back office / currency chest through bulk tenders should be examined for authenticity through machines. dictionary\\u0027s 0m