https://www.taxtmi.com/news?id=17101 Revival of a Guarantee Scheme allows banks to deposit Specified Bank Notes directly with RBI Issue Offices; deposited notes remain in RBI vaults under the depositing bank's lock until examination. RBI will credit the bank's current account on deposit, with subsequent recovery from the bank for any shortages, counterfeits or mutilations found. Participation requires an agreement with the Regional Office; parallel Chest Guarantee Schemes extend the facility to designated currency chests and banks with adequate additional storage. en-us Sat, 17 Dec 2016 10:40:04 +0530 Sat, 17 Dec 2016 10:40:04 +0530 TaxTMI RSS Generator https://www.taxtmi.com/news?id=17101 Revival of a Guarantee Scheme allows banks to deposit Specified Bank Notes directly with RBI Issue Offices; deposited notes remain in RBI vaults under the depositing bank's lock until examination. RBI will credit the bank's current account on deposit, with subsequent recovery from the bank for any shortages, counterfeits or mutilations found. Participation requires an agreement with the Regional Office; parallel Chest Guarantee Schemes extend the facility to designated currency chests and banks with adequate additional storage. News - Sat, 17 Dec 2016 10:40:04 +0530 https://www.taxtmi.com/news?id=17101