How to handle counterfeit currency

Question

Accepted Answer

Counterfeit currency can be handled by identifying it and reporting it to the authorities.

Train employees to identify counterfeit currency through visual inspection and counterfeit detection tools
If counterfeit currency is identified, immediately notify the authorities and provide them with all relevant information
Do not return counterfeit currency to the customer and explain the situation to them
Keep the counterfeit currency in a secure location until the authorities arrive
Cooperate fully with the authorities during their investigation

Accepted Answer

Recognized at Point-Of-Sale (POS) Transaction. Avoid accepting the counterfeit currency. ...

Accepted at POS and Recognized at Reconciliation. Do not recirculate the counterfeit currency. ...

Discovered at Bank. The bank will debit the counterfeit currency from the deposit.

Accepted Answer

For cases of detection of Counterfeit Notes of 5 or more pieces, in a single transaction, the Counterfeit Notes should be forwarded immediately by the Nodal Bank Officer to the local police authorities or the Nodal Police Station for investigation by filing FIR in the prescribed format

How to handle counterfeit currency

Top IndusInd Bank Deputy Branch Manager interview questions & answers

Popular interview questions of Deputy Branch Manager

Top HR questions asked in IndusInd Bank Deputy Branch Manager