RBI clarifies on scribbled notes : 03rd jan14 ~ E-Pao! Headlines

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RBI clarifies on scribbled notes
Source: Hueiyen News Service

Imphal, January 02 2014: In the wake of rumours circulating that banks will not accept banknotes with anything written on them from January 1, 2014, Reserve Bank of India (IBR) has come out with a clarification urging the members of public not to fall prey to such rumours and to use their banknotes without any fear.

Issuing a statement in this regard, Principal Chief General Manager of RBI Alpana Kilawala has clarified that RBI has not issued any such instructions to the banks.

RBI had only issued instructions on August 14, 2013 to banks advising them to instruct their staff not to scribble or write on the body of the banknotes since it was observed that the bank officials themselves were in the habit of writing on banknotes which went against the Reserve Bank's Clean Note Policy.

Reiterating that writing or scribbling on banknotes works against its Clean Note Policy, RBI has also sought the co-operation from all members of public, institutions and others in keeping the banknote clean by not writing/scribbling anything on them.

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