The Reserve Bank of India has directed banks to implement training programs for staff involved in cash handling, enhancing their ability to detect counterfeit currency.
RBI Strengthens Measures Against Counterfeit Currency
The Reserve Bank of India (RBI) has issued directives mandating banks to conduct training sessions for staff responsible for cash handling to ensure they are well-versed in identifying counterfeit currency. This initiative is part of a larger strategy to strengthen measures against the circulation of fake banknotes.
The RBI has outlined that employees must be thoroughly trained in recognizing the security features of genuine currency and the distinguishing marks of counterfeit notes. This directive comes amid rising concerns regarding the prevalence of fake currency in circulation.
For legal practitioners and compliance professionals in the banking sector, this mandate highlights the significance of internal controls and training in mitigating risks associated with counterfeit currency. Banks should proactively implement training programs as part of their compliance strategies to avert potential losses
Citations
- RBI Circular (2026) RBI/2026-27/43
