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 … WebSep 1, 2024 · As per RBI rules, if as a customer insists that the fake note be returned to them, it will be taken as a failure on the part of the bank to impound the note detected at …
RBI-Master Circular-Detection and Impounding of Counterfeit …
http://corporatelawreporter.com/2011/07/07/rbi-master-circular-detection-impounding-counterfeit-notes/ 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. great lakes electronic recycling
Detection and Impounding of Counterfeit Notes - Others
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 ... 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 … Web44 rows · Jul 2, 2024 · Master Circular – Detection and Impounding of Counterfeit Notes. Please refer to the Master Circular DCM(FNVD)G - 4/16.01.05/2024-18 dated July 20, ... great lakes electric st petersburg fl