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RBI warns banks and public against misinformation on social media

RBI says that people should rely on information provided on its website

Press Trust of India  |  Mumbai 

An image of RBI headquarters in Mumbai (Photo: Kamlesh Pednekar)
An image of RBI headquarters in Mumbai (Photo: Kamlesh Pednekar)

on Thursday has cautioned banks as well as the public not be misguided by questionable and unverified documents being circulated on channels regarding of old Rs 500/1000 currency notes.

In a public notice, the Reserve 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 Notes (old Rs 500 and Rs 1,000), has, from time to time, been issuing instructions to the banks which are sent directly to banks through an official mail.

In the notice, said that it has been reported that certain guidelines/instructions "purported" to be issued by the are being circulated in the by "some unscrupulous elements creating confusion in the minds of the public/personnel".

"Banks 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 said.

Following of the old high value currency from November 9, people have been depositing the invalid notes in banks and also exchanging them at counters.

has placed a weekly withdrawal limit of Rs 24,000, including from ATMs, a week.

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RBI warns banks and public against misinformation on social media

RBI says that people should rely on information provided on its website

RBI says that people should rely on information provided on its website
on Thursday has cautioned banks as well as the public not be misguided by questionable and unverified documents being circulated on channels regarding of old Rs 500/1000 currency notes.

In a public notice, the Reserve 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 Notes (old Rs 500 and Rs 1,000), has, from time to time, been issuing instructions to the banks which are sent directly to banks through an official mail.

In the notice, said that it has been reported that certain guidelines/instructions "purported" to be issued by the are being circulated in the by "some unscrupulous elements creating confusion in the minds of the public/personnel".

"Banks 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 said.

Following of the old high value currency from November 9, people have been depositing the invalid notes in banks and also exchanging them at counters.

has placed a weekly withdrawal limit of Rs 24,000, including from ATMs, a week.
image
Business Standard
177 22

RBI warns banks and public against misinformation on social media

RBI says that people should rely on information provided on its website

on Thursday has cautioned banks as well as the public not be misguided by questionable and unverified documents being circulated on channels regarding of old Rs 500/1000 currency notes.

In a public notice, the Reserve 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 Notes (old Rs 500 and Rs 1,000), has, from time to time, been issuing instructions to the banks which are sent directly to banks through an official mail.

In the notice, said that it has been reported that certain guidelines/instructions "purported" to be issued by the are being circulated in the by "some unscrupulous elements creating confusion in the minds of the public/personnel".

"Banks 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 said.

Following of the old high value currency from November 9, people have been depositing the invalid notes in banks and also exchanging them at counters.

has placed a weekly withdrawal limit of Rs 24,000, including from ATMs, a week.

image
Business Standard
177 22