Life insurance penetration in India higher than global average
Agencies: New Delhi, Nov 30 2012, 22:26 IST
employees are entirely different and are regulated in terms of the respective service conditions, Meena said, adding that hence, no comparison can be drawn between pay structure of Central Government employees and of bank employees.
To another query, Meena said RBI has initiated several measures to check the menace of counterfeiting of banknotes.
These measures include running education campaigns for members of the public and cash handlers so as to facilitate detection of counterfeits.
RBI has been incorporating new security features and designs in the bank notes to stay ahead of the counterfeiters, Meena said, adding that new security features were added to banknotes in all denominations during the year 2005-06.
Instructions have been issued to banks to disburse only sorted and genuine notes through their counters/ATMs, he added.
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