<h1>RBI Introduces New Rules for Detecting Counterfeit Notes; Banks Must Verify Rs. 100+ Notes by Machine Before Re-issue.</h1> The Reserve Bank of India (RBI) announced a new mechanism for detecting and reporting counterfeit notes as part of the Monetary Policy Statement 2012-13. Banks are instructed to ensure that banknotes of Rs. 100 and above are re-issued only after being verified for authenticity by machines. This directive applies to all bank branches, especially those with an average daily cash receipt of Rs. 50 lakh or more, and is effective immediately. Banks must adjust their cash management systems to prevent the recirculation of unverified notes, ensuring all notes are machine-processed for authenticity before re-issuance.