Fake currency circulation in the country is very low, Says RBI Deputy Governor at Bankers’ Club, Chandigarh Walkathon
Kanwar Inder Singh/ royalpatiala.in News/ August 31,2025
The Bankers’ Club, Chandigarh, organized a Walkathon on Cyber Security Awareness at Sukhna Lake on August 31, 2025. The walkathon was flagged off by M. Rajeshwar Rao, Deputy Governor, Reserve Bank of India. The event witnessed enthusiastic participation from bankers across the region, who came together to spread awareness on safe banking and responsible digital practices.
In his address, Deputy Governor Rajeshwar Rao emphasized that banking services, including digital platforms, are designed for public convenience and must be used responsibly. He noted that such physical initiatives, alongside RBI’s online campaigns, are highly effective in spreading awareness. He further highlighted that as per RBI guidelines, if a customer is not at fault and reports fraud immediately, their money is refunded—but vigilance and timely reporting are essential. Rao added that while counterfeit currency circulation is minimal, the public must continue to use the “look, touch, and feel” method to verify notes. With growing adoption of digital payments, reliance on cash is declining, ensuring safer and more secure transactions. He congratulated the banking fraternity for their commitment to cyber safety through such outreach campaigns.
Carrying placards and slogans, participants highlighted themes of cyber security, digital hygiene, and responsible online behavior. The initiative sought to strengthen public awareness of secure banking practices in today’s digital era.
On the occasion, Vivek Srivastava, President of the Bankers’ Club, expressed delight at the overwhelming response, stating, “The walkathon has sent out a strong message on the importance of cyber security in our daily lives.”
The event was also attended by Executive Directors from RBI along with Vinod Kumar Arya, Chief General Manager, NABARD (Haryana); Nivedita Tiwari, Chief General Manager, NABARD (Punjab); Krishan Sharma, Chief General Manager, State Bank of India; Lalit Taneja, General Manager, Punjab National Bank; and zonal managers of several other institutions.
The Bankers’ Club is a forum of senior bankers in Chandigarh and includes members from RBI, NABARD, SBI, PNB, ICICI Bank, HDFC Bank, and other banks represented by senior officers at the Deputy General Manager level and above.
With this initiative, the Bankers’ Club, Chandigarh, has made its maiden foray into a public-facing event. The collective presence of senior bankers on such a topical issue reflects their united resolve to combat cyber threats and reinforces their solidarity with customers in promoting safe banking.
Stay Alert, Report Fraud at 1930.
