NEWS & ADVICE : FIXED DEPOSITS
ICICI bank lodged FIR for the fake currency notes
By Neelima Shankar
Apr 9, 2014
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One of the largest banks of the banking sector ICICI bank has reported a complaint alleging fake currency notes of Rs 10. Bank has reported that multiple Rs 10 notes are deposited at the different branches of ICICI bank. In past 7-8 years around Rs 10.77 crore were deposited in different branches as the fake currency.

As per the rules of the apex bank, it is necessary to report FIR whenever fake currency is noticed. ICICI bank stated that bank works in accordance with the RBI guidelines of RBI’s clean note policy. It has been stated that that the data on detection of counterfeit Indian notes at bank branches and treasuries are required to be included in the monthly returns forwarded to the Reserve Bank. As per the guidelines the problems related to the fake currencies should be discussed regularly in the meetings of various State Level Committees.


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