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Daily Archives: July 6, 2020

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FAQs on Detection and Impounding of Counterfeit Notes

Bank NewsBy Surendra NaikJuly 6, 2020Leave a comment

Q: Who is the authority to impound Counterfeit Notes? A: The Counterfeit Notes can be impounded by (i) All Banks (ii)All Treasuries and Sub-Treasuries (iii) Issue  Offices of Reserve Bank of India. Q: How the Counterfeit Notes are detected? A: Currency notes tendered over the counter is examined by the cashier for authenticity through machines.…

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