ATMs in India can give you fake currency notes!

ATMs in India can give you fake notes!

Reserve Bank of India has now made it compulsory for the banks to have verification and sorting machines.

This has become a necessity as a lot of consumers are complaining that the ATM machines are giving out fake notes.

And they are being harassed by the banks if they try to get them replaced at the cash counters.

Punjab National Bank had this to say on the reports: “All the notes to be supplied to banks are verified through the machine. Fake and soiled notes are separated. Only genuine notes and those in good condition are supplied to our branches and to the ATMs.”

Bank officials say that it is the customer’s responsibility to prove that a fake note has been delivered to them from their ATM machines.

Incidentally, using a fake note for a transaction even unknowingly is an offense as per the Indian laws.