Detection of counterfeit notes in Specified Bank Notes (SBNs) - Reporting

RBI/2016-17/179
DCM (Plg) No. 1679/10.27.00/2016-17

December 12, 2016

The Chairman / Managing Director/ Chief Executive Officer,
Public Sector Banks/ Private Sector Banks / Foreign Banks/ Regional Rural
Banks / Urban Cooperative Banks/ State Cooperative Banks

Dear Sir,

Detection of counterfeit notes in Specified Bank Notes (SBNs) - Reporting

Please refer our circulars DCM (Plg) No.1264/10.27.00/2016-17 and DCM (Plg) No.1291/10.27.00/2016-17 dated November 11, 2016 and November 16, 2016, respectively, advising banks to report detection of counterfeit notes from the SBNs received by them, on a daily basis.

2. In continuation to the above, the bank are advised to send branch-wise report on detection of counterfeit notes as under:

The reports may be mailed as per the format enclosed.

3. Further, counterfeit notes detected in the SBNs received in exchange and deposits should be kept branch-wise, in a secured and segregated manner, so that further analysis, as necessary, can be conducted at a later stage.

4. Please acknowledge receipt.

Yours faithfully,

(P Vijaya Kumar)
Chief General Manager
Encl: As above