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Withdrawal of Legal Tender Character of existing ₹ 500/- and ₹ 1000/- Specified Bank Notes (SBNs) – Fraudulent Practices

News and Press Release - Dated:- 22-11-2016 - RBI/2016-17/147 DCM (Plg) No.1341/10.27.00/2016-17 November 22, 2016 The Chairman / Managing Director/Chief Executive Officer, Public Sector Banks / Private Sector Banks / Foreign Banks Regional Rural Ban .....

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places, few bank branch officials, in connivance with some miscreants, are indulging in fraudulent practices while exchanging SBNs in cash / accepting SBN deposits into account. 2. Banks are, therefore, advised to ensure that such fraudulent practice .....

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