The Union authorities on Sunday clarified that scribbling on a financial institution notice doesn’t imply it’s not authorized tender. The clarification got here in response to a viral message which said that the Reserve Financial institution of India (RBI) has launched new pointers, beneath which writing on a notice renders it invalid.
The federal government, nonetheless, additionally appealed to residents to chorus from writing on a forex notice, as doing so defaces it and reduces its life shell.
“Does writing on the financial institution notice make it invalid? NO, Financial institution notes with scribbling aren’t invalid & proceed to be authorized tender. Underneath the Clear Notice Coverage, persons are requested to not write on the forex notes as its defaces them and reduces their life,” tweeted the fact-checking deal with of the Press Info Bureau (PIB), a nodal company of the Authorities of India.
In India, nonetheless, scribbling on notes is a quite common follow and, at occasions, causes an web phenomenon.
RBI’s Clear Notice Coverage
Introduced by the central financial institution in 1999, the coverage urges member of public to not write on notes and instructs banks to make preparations for unrestricted facility for change of dirty and mutilated forex. It goals to present residents good high quality notes and cash, whereas placing the dirty ones out of circulation.
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