Module: General Practice
Q4: Which of the following statements correctly describe the procedure for handling a note determined to be counterfeit?
The note must be stamped as "COUNTERFEIT NOTE".
The note must be recorded under authentication in a separate register.
The note must be returned to the tenderer to prevent them from using it elsewhere.
The note must be destroyed by the branch manager immediately.
The note must be recorded under authentication in a separate register.
The note must be returned to the tenderer to prevent them from using it elsewhere.
The note must be destroyed by the branch manager immediately.
✅ Correct Answer: A
Notes must be stamped "COUNTERFEIT NOTE" and recorded in a separate register.
Under RBI Rules on Counterfeit Notes, returning or destroying the note at the branch level is strictly prohibited.
Under RBI Rules on Counterfeit Notes, returning or destroying the note at the branch level is strictly prohibited.