Module: General Practice
Q27: Which of the following statements regarding the preservation and disposal of Counterfeit Notes received back from police or courts are correct?
Notes must be preserved in the safe custody of the bank, not destroyed.
Notes must be verified by the Officer-in-Charge on a half-yearly basis (March 31st and September 30th).
Notes are preserved for three years from the date of receipt, or for three years after the conclusion of a court case, whichever is later.
After the preservation period, notes are sent to the concerned Issue Office of RBI.
Notes must be verified by the Officer-in-Charge on a half-yearly basis (March 31st and September 30th).
Notes are preserved for three years from the date of receipt, or for three years after the conclusion of a court case, whichever is later.
After the preservation period, notes are sent to the concerned Issue Office of RBI.
✅ Correct Answer: D
Notes must be preserved for 3 years or until case conclusion.
The RBI Rules on Counterfeit Notes outline this custody chain to support legal evidence requirements.
The RBI Rules on Counterfeit Notes outline this custody chain to support legal evidence requirements.