My bank refused to compensate a fake 500/- rupee note
Ref: Banks asked by RBI to collect counterfeit notes and give credit to customers
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