'Don't fall prey of rumours banks won't take scribbled notes'

Image
Press Trust of India Mumbai
Last Updated : Dec 31 2013 | 4:36 PM IST
Reserve Bank today asked people not to fall prey to rumours circulating that banks would not accept banknotes with scribbling from January 1, 2014.
"In the wake of rumours circulating in the market that from January 1, 2014, banks will not accept banknotes with anything written on them, the RBI has urged members of public not to fall prey to such rumours and to use their banknotes without any fear," RBI said in a notification.
RBI said it has not issued any such instructions.
However, in an earlier clarification, it had instructed only banks to ask their staff not to scribble or write on the body on the banknotes.
"...It was observed that the bank officials themselves were in the habit of writing on banknotes which went against the RBI's Clean Note Policy."
Reiterating that writing or scribbling on banknotes works against its Clean Note Policy, RBI has also sought cooperation from all members of public, institutions and others in keeping the banknotes clean by not writing/scribbling anything on them.
*Subscribe to Business Standard digital and get complimentary access to The New York Times

Smart Quarterly

₹900

3 Months

₹300/Month

SAVE 25%

Smart Essential

₹2,700

1 Year

₹225/Month

SAVE 46%
*Complimentary New York Times access for the 2nd year will be given after 12 months

Super Saver

₹3,900

2 Years

₹162/Month

Subscribe

Renews automatically, cancel anytime

Here’s what’s included in our digital subscription plans

Exclusive premium stories online

  • Over 30 premium stories daily, handpicked by our editors

Complimentary Access to The New York Times

  • News, Games, Cooking, Audio, Wirecutter & The Athletic

Business Standard Epaper

  • Digital replica of our daily newspaper — with options to read, save, and share

Curated Newsletters

  • Insights on markets, finance, politics, tech, and more delivered to your inbox

Market Analysis & Investment Insights

  • In-depth market analysis & insights with access to The Smart Investor

Archives

  • Repository of articles and publications dating back to 1997

Ad-free Reading

  • Uninterrupted reading experience with no advertisements

Seamless Access Across All Devices

  • Access Business Standard across devices — mobile, tablet, or PC, via web or app

More From This Section

First Published: Dec 31 2013 | 4:36 PM IST

Next Story