RBI: Bank branches along international borders need to install note authentication machines

Updated On: 31 July, 2026 05:19 PM IST | New Delhi | PTI

All banknotes received by the bank shall be examined for authenticity through machines, counterfeit notes should be impounded in all cases, and in no case the counterfeit note shall be returned to the tenderer or destroyed at the bank

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The Reserve Bank on Friday directed banks to ensure that their branches in the districts with international borders are equipped with note authentication/sorting machines, as it found that efforts of some of the lenders were not adequate for the detection of counterfeit currency.

The central bank, through a master direction issued in April, prescribed comprehensive instructions to the banks on detection, reporting, and monitoring of counterfeit notes.