RBI Mandates Fake Currency Detection Machines at Border Branches
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- First detected:
Insights by Echo AI
The Reserve Bank of India (RBI) has directed banks to install machines for detecting counterfeit currency notes at their branches located along international borders. All banknotes received by these banks must be examined for authenticity using these machines. Any counterfeit notes found should be impounded and not returned to the tenderer or destroyed at the bank.
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