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    Dec 15, 2015

    RBI denies Messages on currency notes circulating on Social Media

    The Reserve Bank of India denies a message circulating on social media on currency notes as From January 1 2016, no notes will be accepted with scribbling on them.

    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.
    written notes will not accepted
    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.

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