RBI denies Message on Currency Notes circulating on Social Media
The Reserve Bank of India has today denied having issued a communication circulating on social media alerting members of public that banks will not accept currency notes with scribbling on them from January 1, 2016.
The Reserve Bank has reiterated that all currency notes issued by it are legal tender and banks and members can freely and without fear accept them in exchange for goods and services. The Reserve Bank has also stated that in pursuance of its clean note policy, it keeps requesting banks and members of public not to write on the currency notes as writing defaces them and reduces their life.
Audio of Governor Dr. Raghuram G. Rajan refuting the rumour
Alpana Killawala
Principal Chief General Manager
Source: www.rbi.org.in
Similar Posts:
- June 30th is the last date to exchange pre-2005 Currency Notes including the denominations of Rs.500 and Rs.1000
- All 14 Desings of Rs.10 Coins are legal tender – RBI Notification
- 500 and 1000 Rupees notes Scrapped; ATM’s closed for two days
- Central Government permits Rs. 500 and Rs. 1000 currency notes on highway toll plazas till midnight of 11.11.2016
- Instructions on 28 Nov 2016 – RBI : Relaxation on withdrawal of cash from bank deposit accounts