Kotak Mahindra Bank Service Delivery Officer Authorizer Interview Questions and Answers for Experienced

Fake notes can be detected by checking for security features and using special equipment.

• Check for watermarks, security threads, and color-shifting ink

• Use UV lights to check for fluorescent markings

• Use counterfeit detection pens to check for chemical reactions

• Compare the note to a genuine one for differences in texture and design

• Use currency counting machines with counterfeit detection capabilities

• Train employees on ho

AML stands for Anti-Money Laundering and KYC stands for Know Your Customer. Both are important measures to prevent financial crimes.

• AML is a set of regulations and procedures designed to prevent money laundering and terrorist financing.

• KYC is the process of verifying the identity of customers and assessing their potential risks.

• AML and KYC are important for banks and financial institutions to comply with regulations an...read more