TaxTMI 
TaxTMI 
RBI - Detection and Reporting Mechanism of Counterfeit Notes – Monetary Policy Statement 2012-13
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....BI - Detection and Reporting Mechanism of Counterfeit Notes – Monetary Policy Statement 2012-13 <br>News and Press Release<br>Dated:- 12-5-2012<br><BR>Detection and Reporting Mechanism of Counterfei....
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....t Notes - Monetary Policy Statement 2012-13 Mechanism on Sorting / Processing of banknotes introduced advising the banks that banknotes in the denomination of 100 and above may be re-issued over the....
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....ir counters or through ATMs, only if such banknotes have been duly checked for authenticity / genuineness by machines. Further, the banks were also advised to use such machines in all bank branches wi....
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....th average daily cash receipt of ` 50 lakh and above, within a definite time frame. In light of Para 127 of the Monetary Policy Statement 2012-13 announced by RBI Governor on April 17, 2012 (copy en....
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....closed), banks should now re-align their cash management in such a manner so as to ensure that cash receipts in the denominations of ` 100 and above should not be put into re-circulation without the n....
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....otes being machine processed for authenticity. The above instructions shall come into effect immediately and are applicable to all bank branches, irrespective of the volume of daily cash receipt.<BR>....
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.... News - Press release - PIB....