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Fake currency notes in ATMs

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Reserve Bank of India (RBI) has reported that few instances of counterfeit currency being dispensed through ATMs has come to their notice.

To protect customers and depositors interest, various steps have been taken by Government/ RBI, which include, issue of directions/guidelines to banks as follows.

(i) To disburse only sorted and genuine notes over their counters and through ATMs.

(ii) Note Sorting Machines to be installed at all the currency chest maintaining branches and 210 non chest branches to enable banks to detect counterfeit notes at the entry level.

(iii) To establish Forged Note Verification Cells at the Head Offices of the Banks to take effective steps to deal with counterfeiting.

(iv) To impound the counterfeit notes and lodge FIR with Police Authorities.

Further, the Reserve Bank of India has also been conducting training programs for employees/ officers of banks and other organizations handling large amount of cash. RBI has also been popularizing the security features of the bank notes through its website, posters displayed at branches of the bank etc. A film depicting the security features of a genuine note has also been released in theatres besides being exhibited by Regional Offices of RBI at various exhibitions, bus stations/railway stations etc.

This information was given by Minister of State for Finance, Shri Namo Narain Meena in written reply to a question raised in Rajya Sabha today.
Source: PIB

Amendment for HAG+ Officers, Scale S-30

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Government of India
Ministry of Finance
(Dept. of Exp.)
New Delhi, the 16th July, 2009

The Gazette of India: Extraordinary

G.S.R. 527 (E). – In exercise of the powers conferred by the proviso to Article 309 of the Constitution, the following amendment to Central Civil Services (Revised Pay) Rules, 2008 is hereby issued:

(In Rupees)
Present Scale Revised Pay Structure
Sl.No. Post/Grade Present Scale Name of Pay
pay bands/Scales
Grade Pay
1 2 3 4 5 6
32 S-30 22400-525-24500 HAG 67000-(annual increment@3%)-79000 Nil

(i) Sl. No. 32, which relates to the pre-revised scale S-30 (Rs.22400-525-24500) in Section 1, Part A of the First Schedule shall be amended as under:-

(ii) The last row in the table PB-4 (Rs. 37400-67000) which relates to grade pay of Rs.12000 in Section II, Part A of the First Schedule shall be deleted.

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