Q11: In addition to reporting to the RBI Issue Department, what action shall be taken if a large number of deliberately cut, torn, altered, or tampered notes are tendered?

The matter shall also be reported to local police.

The tenderer shall be immediately detained by bank security.

The notes shall be returned to the tenderer with a 'REJECT' stamp.

The bank branch shall levy a high service charge on the tenderer.

✅ Correct Answer: A

While RBI Note Exchange Rules require reporting all deliberate cuts to the RBI, a "large number" of such notes triggers a security concern.

Therefore, the RBI Note Exchange Rules mandate reporting the matter to the local police to investigate potential illegal activities.

Bank Promotion Exam Guide