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Banks not to scribble or write on banknotes: RBI

Inscription or scribbling on any part of the banknote would render it to be classified as unfit for reissue, RBI said

August 16, 2013 10:08 IST | India Infoline News Service
The Reserve Bank of India has asked banks to issue suitable instructions to all officers and staff not to scribble or write on banknotes.

RBI said it was observed that in certain bank branches the practice of writing or scribbling on the body of the banknotes continues to remain in vogue. Accordingly, such banknotes get treated as soiled banknotes and cannot be recirculated.

"You (banks) are advised to issue suitable instructions to all dealing officers and staff to forthwith stop writing/ scribbling of any kind on any part of the banknote to ensure achievement of the objectives of Clean Note Policy," it said in a notification on Wednesday.

Under the present system of mechanised processing of banknotes, inscription or scribbling on any part of the banknote would render it to be classified as unfit for reissue, it added.

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