I have had the unfortunate privilege of owning a HDFC Bank 3-in-1 Account (Savings, Demat — linked to Savings, and Trading). The Demat and Trading accounts were used for a grand total of two transactions. The Savings account saw a token amount being deposited, then saw the two transactions, and then saw a zero balance. […]
Interesting statistics published by the Reserve Bank of India on the number of forged/counterfeit notes detected by the Indian banking system.
In response to my post about guidelines on detection and impounding of counterfeit notes at Indian Banks, a reader asks, Has anyone got a fake currency note through an ATM? What is the process to be followed in such a case? Does the bank keep track of each and every note fed into the ATM? […]