RBI Update: Master Direction on Penal Provisions in reporting of transactions/ balances at Currency Chests

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: View Circular