Current Affairs · Banking Regulation & RBI Guidelines
According to the RBI Master Direction on Counterfeit Notes, which action must a bank take when a counterfeit banknote is detected at the counter?
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1Impound and do not return the counterfeit note to the customer✓
- 2Immediately call the police to arrest the customer
- 3Return the counterfeit note to the customer with a warning
- 4Credit the equivalent amount to the customer's account
Correct answer
Impound and do not return the counterfeit note to the customer
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