MINISTER OF STATE IN THE MINISTRY OF FINANCE (SHRI NAMO NARAIN MEENA)
(a) & (b) : As per information furnished by Reserve Bank of India (RBI) 28 complaints have been
received about circulation of fake currency through ATMs. Year-wise details are as under:
Year No. of Complaints
01.07.2009 to 30.06.2010 4
01.07.2010 to 30.06.2011 9
01.07.2011 to 30.06.2012 11
01.07.2012to 31.01.2013 4
TOTAL: 28
RBI takes following actions on these complaints:
# Calls explanation of the bank
# Advises bank to investigate the matter.
# Inspect the branch.
# Instructs the banks that only genuine notes are issued to public.
(c) The following steps have been taken by RBI to address the problem of counterfeit notes:
# Incorporating new security features/new designs in the banknotes.
# Instructions have been issued to banks to disburse only sorted and
genuine notes through their counters/ATMs.
# Regularly conducts training programmes.
# Instructed all scheduled banks that banknotes in denominations of
Rs.100/- and above should be re-issued by banks over their counters or
through ATMs only if these banknotes are duly checked for
authenticity/genuineness and fitness by machines.
# A multimedia, multi lingual awareness campaign has been launched from
August 15, 2010 titling `Paisa Bolta Hai`.
# All cases of detection of counterfeit notes at the bank branches/treasuries
are required to be promptly reported to Police Authorities in the following
manner:
i) For cases of detection of counterfeit notes upto 4 pieces, in a single transaction, a
consolidated report should be sent to the police authorities at the end of the month.
ii) For cases of detection of counterfeit notes of 5 or more pieces, in a single transaction,
FIRs should be lodged with the Nodal Police Station/Police Authorities as per jurisdiction.
# The banks have been advised to ensure that the notes received over the
counters are re-circulated only after ensuring their proper authentication
through machines.
# RBI is holding one-to-one meetings with a view to sensitize the
Chairman/Managing Directors of banks on the problems relating to
counterfeit notes.
# The banks have been advised that wherever, counterfeit notes are
detected but not impounded and reported, it will be construed as willful
involvement of the bank concerned in circulating counterfeit notes and
may attract penal measures.
