Tuesday, 14 May 2013

RBI Directs banks to issue clean notes


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......

1 comment:

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    ReplyDelete