WebMar 7, 2024 · The Reserve Bank has slapped a penalty of Rs 40 lakh on SBI for not complying with its directions on detection and impounding of counterfeit notes Hi, Sahil Sharma Logout WebJan 16, 2005 · The Reserve Bank of India (RBI) on April 01, 2024 has issued a master circular for the detection and impounding of counterfeit notes. The following guidelines have been given: • Banknotes tendered over the counter should be examined for authenticity through machines.
Detection Handling of Counterfeit Notes - Axis Bank
Web2. Impounding of counterfeit notes: Notes determined as counterfeit shall be stamped as "COUNTERFEIT NOTE" and impounded in the format prescribed by RBI. Each impounded note shall be recorded under authentication, in a separate register 3. Issue of Receipt to Tenderer: a. When a bank note tendered at the counter of a bank branch/back office and ... WebJul 6, 2024 · A: In no case, the Counterfeit Notes should be returned to the tenderer. If a bank fail to impound Counterfeit Notes detected at their end it will be interpreted as wilful … hankanson
Master Circular Detection and Impounding of Counterfeit Notes
WebJul 21, 2024 · DCM (FNVD) G – 4/16.01.05/2024-18 RBI 2024 18 26 DCM FNVD G 4 16 01 05 2024 18 July 20 2024 The Chairman Managing Director Chief Executive Officer All Banks and Director of Treasuries of all Sta. Site. Courses. bookmark_border. search. person. Login Register. Home; grid_view Explore. laptop. CCI ... WebRBI 2015 16 52. establishment serial circulars The Rule Master. Reserve Bank of India Master Circulars RBI. ... June 20th, 2024 - Master Circular ? Detection and Impounding of Counterfeit Notes ? 2015 16 CONTENTS Para No Particulars 1 Authority to Impound Counterfeit Notes establishment serial circulars The Rule Master WebDetection and Impounding of Counterfeit Notes Para 1 Authority to impound Counterfeit Notes The Counterfeit Notes can be impounded by - (i) ... Compilation of data on … hankard environmental