RBI vide its notification dated on 3 rd April, 2023 to all banks having Currency Chests.
The notifications states:
The Reserve Bank of India has issued Master Direction on Penal Provisions in deficiencies in reporting of transactions/ balances at Currency Chests.
The Master Direction enclosed incorporates updated guidelines / circulars on the subject. The Direction will be updated as and when fresh instructions are issued.
Link of the circular: https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=12481&Mode=0
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