FAKE NOTES

WHAT TO DO IF YOU RECEIVE FAKE NOTES FROM AN ATM

Published By Livemint | 28 Mar, 2023

Do not panic

Try to remain calm and deal with the situation logically
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Don't recirculate

Knowingly circulating fake currency is a crime under Section 489C of the IPC

Identify

Identify the fake note by looking at distinctive features like watermark and color-shifting ink

Security guard

Inform the security guard at the ATM about the fake currency you noticed
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CCTV camera

Hold up your fake notes in front of the CCTV camera for proof
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Approach your bank

Keep your transaction receipt handy and approach your bank to replace the fake currency

Responsibility

Banks have a responsibility towards replacing the fake currency as early as possible
Credit : Mint_print

RBI

If your bank refuses to replace the fake currency, you can file a complaint with the RBI