Master Direction on Counterfeit Notes, 2023 - Detection, Reporting and Monitoring Flashcards
who has the authority to impound counterfeit notes?
The Counterfeit Notes can be impounded by All Banks and Issue Offices of RBI
Counterfeit Notes up to ……………. pieces in a single transaction, a consolidated report in the prescribed format, shall be sent by the Nodal Bank Officer to the police authorities or the Nodal Police Station, along with the suspect Counterfeit Notes, at the end of the month.
Four
Counterfeit Notes of five …………………. in a single transaction, the Counterfeit Notes shall be forwarded immediately by the Nodal Bank Officer to the local police authorities or the Nodal Police Station for investigation by filing FIR in the prescribed format.
Five or more pieces
……………. shall submit status report on a quarterly basis, by e-mail, covering the aforesaid aspects to the Chief General Manager, Department of Currency Management, Reserve Bank of India, Central Office, Amar Building, Fourth Floor, Sir P. M. Road, Fort, Mumbai 400 001 and to the Issue office of the Reserve Bank of India under whose jurisdiction it is functioning, within a fortnight from the conclusion of the quarter.
Forged Notes Vigilance (FNV) Cell of the bank
Data on Counterfeit Notes detected by all the branches of the bank shall be reported in the prescribed format, on a monthly basis to RBI before …….. of the next month.
7th
Principal Officers of banks shall report information on cash transactions where forged notes have been detected to …………, by the …………… of the succeeding month, by uploading the information on the FINnet Portal.
FIU-IND, 15th day
Preservation of Counterfeit Notes Received from Police Authorities shall be for?
three years from the date of receipt from the police authorities and these notes verified on a half yearly basis (September 30 and March 31) by the O-i-C of the bank concerned.
