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TMI BlogRBI - Detection and Reporting Mechanism of Counterfeit Notes – Monetary Policy Statement 2012-13X X X X Extracts X X X X X X X X Extracts X X X X ..... RBI - Detection and Reporting Mechanism of Counterfeit Notes – Monetary Policy Statement 2012-13 X X X X Extracts X X X X X X X X Extracts X X X X ..... Notes - Monetary Policy Statement 2012-13 Mechanism on Sorting / Processing of banknotes introduced advising the banks that banknotes in the denomination of 100 and above may be re-issued over thei ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... r counters or through ATMs, only if such banknotes have been duly checked for authenticity / genuineness by machines. Further, the banks were also advised to use such machines in all bank branches wit ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... h average daily cash receipt of ` 50 lakh and above, within a definite time frame. In light of Para 127 of the Monetary Policy Statement 2012-13 announced by RBI Governor on April 17, 2012 (copy enc ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... losed), banks should now re-align their cash management in such a manner so as to ensure that cash receipts in the denominations of ` 100 and above should not be put into re-circulation without the no ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... tes being machine processed for authenticity.
The above instructions shall come into effect immediately and are applicable to all bank branches, irrespective of the volume of daily cash receipt. X X X X Extracts X X X X X X X X Extracts X X X X ..... News - Press release - PIB ..... X X X X Extracts X X X X X X X X Extracts X X X X
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