In a step to check circulation of counterfeit notes, the Reserve Bank today asked all banks to ensure authenticity of notes of Rs 100 and above denomination before re-circulation. "In light of Para 127 of the Monetary Policy Statement 2012-13...banks should now re-align their cash management in such a manner so as to ensure that cash receipts in the denominations of Rs 100 and above should not be put into re-circulation without the notes being machine processed for authenticity," RBI said in a notification..................
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