How many counterfeit notes to be interchanged?
Ref: Banks asked by RBI to collect counterfeit notes and give credit to customers http://www.rtifoundationofindia.com/banks-asked-rbi-collect-counterfeit-notes-and-give
Comment: This is I think not proper interpretation. There appears to be some confusion. You have not mentioned about how many notes to be interchanged. This means that if a counterfeiter is having a lot of say 1 lacs notes of Rs. 1,000 as fake currency then whether the bank is going to give credit to customer over counter. What if in back office this proves to be fake notes who will give recovery? So further clarification is needed from RBI. Mutilated note is not counterfeit note. I am trainer at SBI
Name: subodh godbole
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