GONDIA: Nine fake notes totalling Rs3,300 were reportedly found in the local branch of State Bank of India recently.Sources said that there was a huge rush on the counters of State Bank of Indiaon October 18, 2009, during which some suspicious notes were acceptederroneously by the counter staff.These included six notes of Rs 500denomination and three notes of Rs 100 each. The notes were sent for theverification...
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check proliferation of counterfeit currency notes and make bank notes last longer, India's central bank will introduce 100 crore polymer notes of Rs.10 denomination on a trial basis soon, it said Friday.To increase the life of bank notes, the government has decided to introduce one billion (100 crore) pieces of polymer bank notes in Rs.10 denomination on trial basis," said Minister of State for Finance...
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a bid to check proliferation of counterfeit currency notes and make bank notes last longer, India's central bank will introduce 100 crore polymer notes of Rs.10 denomination on a trial basis soon, it said today."To increase the life of bank notes, the government has decided to introduce one billion (100 crore) pieces of polymer bank notes in Rs.10 denomination on trial basis," said Minister of State...
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a bid to check proliferation of counterfeit currency notes and make bank notes last longer, India's central bank will introduce 100 crore polymer notes of Rs.10 denomination on a trial basis soon, it said Friday."To increase the life of bank notes, the government has decided to introduce one billion (100 crore) pieces of polymer bank notes in Rs.10 denomination on trial basis," said Minister of State...
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hundred crore pieces of polymer currency notes of Rs 10 will be introduced in the country soon, government said today.The Government has decided to introduce one billion pieces of polymer bank notes in Rs 10 denomination on trial basis with a view to increasing life of bank notes, Minister of State for Finance Namo Narain Meena informed Lok Sabha. Polymer currency lasts longer than paper currency,...
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Cott closes sale of $215 million in notes and gets 95 percent response to tender offerCanadian soft drink maker Cott Corp. said Friday its beverages subsidiary closed the private sale of $215 million in notes and repurchased notes due to mature in 2011.The new 8.375 percent senior notes are due in 2017 and were issued by Cott Beverages Inc. They will yield net proceeds of $206.6 million, the company...
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Customers who had to go to different places to exchange cut currency notes will be spared the trouble as the Reserve Bank of India (RBI) has revised and simplified the note refund rules.As per the revised rules, the currency notes torn into two with the cut running through the number panel must be treated as soiled notes and exchanged for full value of the denomination at all bank branches.Though the...
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Reserve Bank of India (RBI) will take back damaged and soiled currency notes from the people in the flood-affected areas of the State.It has directed the commercial banks and scheduled banks to make special arrangements in their branches for accepting the damaged and soiled notes.In a press release issued here on Sunday, Regional Director of the RBI B. Srinivas said that the floods in October caused...
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Government will introduce one billion (100 crore) polymer notes of Rs 10in a bid to increase their lifetime. In a reply to Lok Sabha, minister of statefor finance Namo Narain Meena said, ‘‘ The government has decided tointroduce one billion pieces of polymer banknotes in Rs 10 denomination on trialbasis. The primary intention behind introduction of polymer notes is to increasethe life of notes."The...
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Reserve Bank today said it is improving security features and has asked banks to install detectors and note-sorting machines at branches and ATMs as part of its drive to check fake currency notes."We are constantly improving the security features. We are asking banks to install note-sorting machines at every important branch where there is large cash handling, so that these notes are detected at the...
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