Banks depositing fake notes to be penalised

Banks depositing fake notes to be penalised

FIRs have been registered against 24 government banks for depositing fake notes in the currency chest of RBI till June this year, according to the information received from the RBI regional office here. The banks against whom FIRs have been lodged include SBI, PNB , Bank of Baroda and the Central Bank.

RBI will destroy the fake notes meant and deduct the equivalent amount from the bank’s account with RBI, he said. However, he was clueless about the action that the police can take against such banks.

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