Clean Note
Policy
Certain
branches of banks continue to follow old practices like stapling, writing
number of note pieces in loose packets on watermark window of notes disfiguring
the watermark impression.
Further, certain bank branches do not
sort notes into re-issuable notes and non-issuable notes, and issue soiled
notes to public.
Such practices are against the “Clean
Note Policy” of Reserve Bank of India.
The RBI
has issues a directive on the matter which stipulates that:
a) Banks should do away with stapling
of any note packet and instead secure note packets with paper bands,
b) Banks should sort notes into
re-issuables and non-issuables, and issue only clean notes to public; and,
c) Banks should forthwith stop writing
of any kind on watermark window of bank notes.
For the RBI notification visit......
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