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Banks should issue only clean notes to public: RBI

Banks should do away with stapling of any note packet and instead secure note packets with paper bands, RBI said

May 14, 2013 4:12 IST | India Infoline News Service
The Reserve Bank of India (RBI) has directed banks to do away with stapling of note packets and issue only clean currency notes to the public.

Instances of certain branches of banks continues to follow old practices like stapling, writing number of note pieces in loose packets on watermark window of notes disfiguring the watermark impression and rendering it difficult for easy recognition have come to our notice, the RBI said in a notification on 10th May.

Certain bank branches do not sort notes into re-issuables and non-issuables, and issue soiled notes to public. Such practices are against the “Clean Note Policy” of Reserve Bank of India, the notification added.

Banks should do away with stapling of any note packet and instead secure note packets with paper bands, it said.

Banks should sort notes into re-issuables and non-issuables, and issue only clean notes to public; and banks should forthwith stop writing of any kind on watermark window of bank notes, the notification further said.

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