In how much time should a bank has to give credit to its customer for a counterfeit note?
Ref: Banks asked by RBI to collect counterfeit notes and give credit to customers
Comment: I would like to know as per RBI guidelines, in how much time a bank has to give credit to its customer for a counterfeit notes if found while depositing the same. i.e. Only 1 note of 500 Rs. As my bank says it will have to send the note to RBI and they will give a credit to them and after that they will credit my 500 Rs. Is it. If this the system it will take
years to get the credit. Kindly inform.
Name: Ajay agrawal
Email id: firstname.lastname@example.org