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RBI allays fears on bank notes

Shillong, Jan. 6: The Reserve Bank of India (RBI) today clarified that there was no instruction to banks to reject bank notes with anything written on them.

The RBI issued the clarification following rumours circulating in the market that from January 1 onwards, banks would not accept bank notes, which have anything scribbled on them.

Earlier, the rumours had created panic among customers who feared that banks would reject such bank notes outright.

RBI principal chief general manager Alpana Killawala said the bank has urged the public not to fall prey to such rumours and to use their bank notes “without any fear”.

She said on August 14, 2013, banks were asked to instruct their staff not to scribble or write on the body of the bank notes.

This instruction was issued as it was observed that the bank officials themselves were in the habit of writing on bank notes, which went against the Reserve Bank’s Clean Note Policy.

While reiterating that writing or scribbling on bank notes works against its policy, the RBI sought the co-operation of the public, institutions and others in keeping the bank notes clean by not writing/scribbling on them.