RBI Advises Banks to retain CCTV Footage for checking of Currency Operations

Bank Branches/ Currency Chests to Preserve CCTV Footage/ Recordings for Investigation of Banking/ Currency Operations by the Enforcement Agencies: RBI Advisory

RBI has advised bank branches and currency chests to preserve CCTV footage/ recordings of currency operations for the period 8 Nov. 2016 to 31 Dec. 2016, to facilitate investigation by enforcement agencies dealing with matters relating to illegal accumulation of new currency notes, as under:.

Circular RBI/2016-17/181 DCM (Plg) No. 1712/10.27.00/2016-17 dt. 13 Dec. 2016

1. Please refer to paragraph (5) of our circular DCM (FNVD) No.1134/16.01.05/2016-17 dated October 27, 2016 wherein it was stated that in order to facilitate identification of people abetting circulation of counterfeit notes, banks are advised to cover the banking hall/ area and counters under CCTV surveillance and recording and preserve the recording.

2. In continuation to the above, the banks are further advised to preserve CCTV recordings of operations at bank branches and currency chests for the period from November 08 to December 30, 2016, until further instructions, to facilitate coordinated and effective action by the enforcement agencies in dealing with matters relating to illegal accumulation of new currency notes.