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NOTE SORTING MACHINES
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- Rs 2,000 note withdrawn from circulation: If bank finds your note to be fake this is what will happenRBI has instructed all banks to follow the central bank's master direction on dealing with counterfeit notes in case any of the Rs 2000 not...
- RBI ask banks to test note sorting machines on quarterly basisIn the backdrop of the introduction of the new series of banknotes, the Reserve Bank said note authentication and fitness sorting parameter...
- RBI to procure 50 note verifying machinesThe machines, for which the central bank has floated a global tender, is proposed to be installed at its 18 regional offices throughout the...
- Fake notes: ICICI Bank says probing the matterICICI Bank spokesperson said it has installed state-of-the-art note sorting machines that check the quality of millions of notes every day.
- SBI to investigate the Rs 2000 fake note dispensed from ATMSBI has pointed out that the complainant has not approved the bank regarding fake notes being dispensed from their ATM.
- Government to push cooperative banks to get note-sorting machines in a bid to curb fake currencyIn a meeting between banks, finance ministry and intelligence agencies, it was observed that a number of branches do not have such machines.
- RBI tells banks to stop re-circulation of soiled notesSoiled notes may soon be a thing of past as the Reserve Bank has asked all bank branches handling large amounts of currency to put in place...
- RBI group suggests steps to counter circulation of fake notesThe High Level Group on Systems and Procedures for Currency Distribution recommended enhancing security features on currency notes which ha...
- Fake currency from ATMs? Banks in denialYou might have got fake notes from ATMs but banks appear to be in complete denial.
- SBI launches first 'cash factory' in LucknowIndia's largest lender State Bank of India (SBI) on Wednesday launched its first Currency Administration Branch (CAB), an exclusive branch ...
- RBI to step up vigil to check counterfeiting at border branchesRBI plans to step up the war against counterfeiting of bank notes by strengthening the surveillance system at bank branches near internatio...
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