Monday, December 10, 2012

Fake money menace on the rise in Vizag

......Almost all banks take adequate precautions before refilling ATMs in order to prevent such complaints besides curbing circulation of counterfeits, said State Bank of India deputy general manager (business and operations), Manoj Khattar. He said that so far as SBI's Visakhapatnam zone was concerned, no complaints had been reported so far on receipt of fake notes from the bank's branches. As per RBI guidelines, Forged Note Vigilance Cells (FNVC) have also been set up at the head office of various banks to closely monitor fake note cases, a senior bank official said..........


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