My bank refused to compensate a fake 500/- rupee note
27 Jul, 2013
Ref: Banks asked by RBI to collect counterfeit notes and give credit to customers
URL: http://www.rtifoundationofindia.com/banks-asked-rbi-collect-counterfeit-notes-and-give
Comment: My bank refused to compensate a fake 500/- rupee note. The manager issued an acknowledgement of the impounded note.
When I tried to show them the pertinent RBI circular, they said that this is only a suggestion from RBI & there is no official notification to the bank.
HDFC bank Ambernath
Name: Dr Manoj J Mahajan