on Thursday has cautioned banks
as well as the public not be misguided by questionable and unverified documents being circulated on social media
channels regarding demonetisation
of old Rs 500/1000 currency notes.
In a public notice, the Reserve Bank
said that people should rely on information provided by it on its website.
In the wake of withdrawal of legal tender character from the Specified Bank
Notes (old Rs 500 and Rs 1,000), RBI
has, from time to time, been issuing instructions to the banks
which are sent directly to banks
through an official mail.
In the notice, RBI
said that it has been reported that certain guidelines/instructions "purported" to be issued by the RBI
are being circulated in the social media
by "some unscrupulous elements creating confusion in the minds of the public/bank
and members of the public are, therefore, cautioned to be guided by only those instructions which are either uploaded on the Reserve Bank's official website," the central bank
of the old high value currency from November 9, people have been depositing the invalid notes in banks
and also exchanging them at RBI
has placed a weekly withdrawal limit of Rs 24,000, including from ATMs, a week.