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 5, 2014 · Reserve Bank of India vide its notification no. RBI/2014-15/87 dated July 1, 2014 issued to the Chairmen / Managing Directors of All Commercial Banks, Cooperative Banks, RRBs, Private Banks, ... 2013 relating to Detection and Impounding of …

All about Detection and Impounding of Counterfeit Notes

WebOct 27, 2016 · 3. In this regard please refer to the Master Circular DCM (FNVD) No.G-6/16.01.05/2016-17 dated July 20, 2016, relating to Detection and Impounding of Counterfeit Notes wherein banks were advised to ensure that counterfeit notes making entry into the banking system are promptly detected and under no circumstance, returned to the … WebApr 3, 2024 · 1. Authority to Impound Counterfeit Notes The Counterfeit Notes can be impounded by: (i) All Banks (ii) Issue Offices of... 2. Detection of Counterfeit Notes 2.1 … highlander pearl white

Reserve Bank of India - Master Circulars

WebMay 29, 2024 · Congress leader Rahul Gandhi and TMC MP Derek O'Brien attacked the Centre over its 2016 demonetisation move after the latest RBI report revealed a huge spike in counterfeit notes in the country. WebMay 30, 2024 · The number of fake currency note of ₹500 denomination detected by the banking system more than doubled to 79,669 pieces in the fiscal 2024-22 over the previous year, according to the RBI annual ... WebMar 7, 2024 · After imposing a penalty on Axis Bank and Indian Overseas Bank (IOB) for non-compliance, the Reserve Bank of India on Wednesday said that it has imposed a monetary fine of Rs 40 lakh on the ... highlander people