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Corporate Laws Central Ministry of Finance Banking (Regulation) Act, 1949

RBI issues Master Direction on Counterfeit Notes - Detection, Reporting and Monitoring

01-Apr-2026 | RBI/DCM/2026-27/394 DCM (FNVD)/G-1/16.01.05/2026-27

RBI has issued the Master Direction on Counterfeit Notes - Detection, Reporting and Monitoring.

Key Highlights:
1. In the detection of Counterfeit Notes up to four (04) pieces in a single transaction, a consolidated report in the prescribed format (Annex III) shall be sent by the Nodal Bank Officer to the local police authorities or the Nodal Police Station.
2. A copy of the monthly consolidated report/ FIR shall be sent by the bank branches/ CCs to the Forged Note Vigilance (FNV) Cell constituted at the Head Office of the bank.
3. Banks shall also monitor the patterns/ trends of such detection and suspicious trends/ patterns and bring them to the notice of RBI/ police authorities immediately.
4. The banks shall maintain a daily record of the notes processed through the Note Sorting Machines, including the number of counterfeits detected.
5. The banks shall also provide note-counting machines (with dual display facility) for public use at the counters.

Kindly refer to the attached document for more information.

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