Monday, January 6, 2014

Fake notes eat into trade margins

.......With rising instances of FICNs surfacing at many places, many are bearing the loss themselves with neither the police nor the bankers announcing any standard operative procedures to help them. Recently, the FICN menace hit the consumers of Cell One subscribers, who went to pay their bills at its customer service centre on SP Road in Secunderabad. The centre staff refused to accept currency notes of Rs. 500 and Rs. 1,000 denomination unless the customers agreed to fill in a form giving their details and the numbers of the notes............

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