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(Demonetisation) Banks to Send Branch-wise Report on Detection of Counterfeit/Fake Notes

RBI Circular DCM (Plg) No. 1679/10.27.00/2016-17 dated December 12, 2016 to The Chairman / Managing Director/ Chief Executive Officer, Public Sector Banks/ Private Sector Banks / Foreign Banks/ Regional Rural Banks / Urban Cooperative Banks/ State Cooperative Banks

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

1. Please refer RBI 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 banks are advised to send branch-wise report on detection of counterfeit notes as under:

Reporting Period
Report to be submitted by
November 10 to December 09, 2016
December 16, 2016
December 10 to December 16, 2016
December 23, 2016
December 17 to December 30, 2016
January 06, 2017

The reports may be mailed as per the format :

IN PIECES
Bank | Branch Name | BSR Code | SBNS Exchanged | Counterfeit Notes Detected | SBNS Received in Deposits | Counterfeit Notes Detected
RS 500 RS 1000 RS 500 RS 1000 RS 500 RS 1000 RS 500 RS 1000


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.

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