Question: Who investigates counterfeit money in India?

How do I report counterfeit money in India?

For cases of detection of Counterfeit Notes of 5 or more pieces, in a single transaction, the Counterfeit Notes should be forwarded immediately by the Nodal Bank Officer to the local police authorities or the Nodal Police Station for investigation by filing FIR in the prescribed format (Annex IV).

How do I report counterfeit money?

Report Counterfeit Currency

Visit the Secret Service website to complete a Counterfeit Note Report or contact your local U.S. Secret Service field office. (Note: You must send the Counterfeit Note Report to your local U.S. Secret Service field office. Visit the U.S. Secret Service website for more information.)

What is the punishment for fake currency in India?

India Code: Section Details. [Whoever counterfeits, or knowingly performs any part of the process of counterfeiting, any currency-note or bank-note, shall be punished with 2[imprisonment for life], or with imprisonment of either description for a term which may extend to ten years, and shall also be liable to fine.

Who is authority to impound counterfeit notes?

Q: Who is the authority to impound Counterfeit Notes? A: The Counterfeit Notes can be impounded by (i) All Banks (ii)All Treasuries and Sub-Treasuries (iii) Issue Offices of Reserve Bank of India.

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Will a bank accept fake money?

As per RBI rules, if as a customer insists that the fake note be returned to them, it will be taken as a failure on the part of the bank to impound the note detected at their end and will be construed as wilful involvement by the bank. And that is not all, the bank will be penalised as well.

Do banks accept fake notes?

Counterfeit banknotes are rare and also worthless. We cannot reimburse you for counterfeit banknotes. … The suspect notes will be sent to the National Crime Agency and if counterfeit to the Bank of England for further examination.

Who investigates counterfeit money?

The U.S. Secret Service has a long and storied history of safeguarding America’s financial and payment systems from criminal exploitation. The agency was created in 1865 to combat the rise of counterfeit currency following the Civil War.

Who is responsible for counterfeit money?

If you suspect a counterfeit note or have information about counterfeiting activity, please report it immediately to the U.S. Secret Service, or to your local police.

Is Destroying Money illegal in India?

However neither the Currency Act nor Criminal Code mention paper currency. It therefore remains legal to completely destroy paper currency.

Is counterfeit a bailable Offence?

IPC 489B is a Non-Bailable offence.