Sep 01, 2017, 03.09 PM IST
This will come handy
If you thought there is no way a counterfeit currency can be sitting neatly in your wallet, you could not be more naive. RBI in its latest annual report said that during 2016-17, 762,072 pieces of counterfeit notes were detected in the banking system, of which 95.7 percent were found by commercial banks. So ther you have it.
Scroll down find out what the RBI rules state regarding counterfeit currency and how you can identify such notes:
Scroll down find out what the RBI rules state regarding counterfeit currency and how you can identify such notes:
Reuters
At a bank counter
While depositing cash, if the bank is able to establish that the notes are fake, these will not be credited to the customer's account. What is more, the note will not be returned to the tenderer. 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.
After impounding, the bank has to issue an acknowledgement of the transaction which has to be authenticated by the cashier and tenderer.
After impounding, the bank has to issue an acknowledgement of the transaction which has to be authenticated by the cashier and tenderer.
PTI
Fake currency at ATMs
RBI has instructed banks that it is imperative to put in place adequate safeguards and checks before loading ATMs with notes. If you still get a fake note from an ATM, there's unfortunately not much that can be done.
There are no explicit guidelines for the customer to claim new notes in lieu of fake ones received from ATMs. If you do get such a note from an ATM, what you can do is hold them up so that it gets recorded on the CCTV camera, register complaint with the guard stationed at that ATM, and simultaneously raise a complaint with the bank, RBI, and the police. Also, keep the ATM receipt safe as it may help in any investigations that may ensue.
If during the investigation, it is proved that the fake notes were dispensed from the ATM, the customer has a fair chance to get compensation.
There are no explicit guidelines for the customer to claim new notes in lieu of fake ones received from ATMs. If you do get such a note from an ATM, what you can do is hold them up so that it gets recorded on the CCTV camera, register complaint with the guard stationed at that ATM, and simultaneously raise a complaint with the bank, RBI, and the police. Also, keep the ATM receipt safe as it may help in any investigations that may ensue.
If during the investigation, it is proved that the fake notes were dispensed from the ATM, the customer has a fair chance to get compensation.
Reuters
Security features of Rs 2000
RBI had introduced these newly designed bank notes as part of its Mahatma Gandhi (New) Series.
* The new denomination has a motif of the Mangalyaan, the country's first venture in interplanetary space, on the reverse side.
* The base colour of the note is magenta. The note has other designs, geometric patterns aligning with the overall colour scheme, both on the obverse and reverse.
* The size of the new note is 66mm x 166mm.
To know the security features of Rs 2000 note, click here.
* The new denomination has a motif of the Mangalyaan, the country's first venture in interplanetary space, on the reverse side.
* The base colour of the note is magenta. The note has other designs, geometric patterns aligning with the overall colour scheme, both on the obverse and reverse.
* The size of the new note is 66mm x 166mm.
To know the security features of Rs 2000 note, click here.
Reuters
No comments:
Post a Comment