Question

As per RBI guidelines, when a counterfeit note is detected at the branch, which of the following should be done?

• A. Branded with a stamp "COUNTERFEIT BANKNOTE"
• B. Recorded in a separate register under authentication
• C. Acknowledged in the prescribed format of RBI and issued to the tenderer
• D. All of the above

Answer 1

Answer: (D)

All of the above

As per the Reserve Bank of India guidelines, if any counterfeit note is detected at any branch of the banks then it is first branded with a stamp with words 'COUNTERFEIT BANKNOTE' after which the serial number of the note is recorded in a separate register under authentication which is later on acknowledge in the prescribed format of RBI and issued to the tenderer.