The Press Bureau of India (PIB) Fact Check unit of the government responded to a widely circulated message claiming that the RBI had issued new guidelines stating that anything written on new notes is invalid. What the government said is as follows:
Is anything written on a bank note invalid? Sunday, the Government of India made it clear through the Fact Check unit of the Press Bureau of India (PIB) that bank notes with scribbling are not invalid and continue to be legal tender. On the other hand, it went on to say that writing on currency notes is not recommended because it "defaces them and reduces their life."
The clarification was provided in response to a message that went viral and stated that the Reserve Bank of India (RBI) had issued new guidelines that stated that writing anything on new notes would render them invalid and render them ineligible for use as currency.
In a tweet, PIB Fact Check stated, "NO, Bank notes with scribbling are not invalid and continue to be legal tender." People are asked not to write on currency notes under the Clean Note Policy because doing so damages them and shortens their lifespan," it added.
What is RBI's Clean Note Policy
The RBI Clean Note Policy, which was first announced by the central bank in 1999, aims to provide citizens with high-quality currency notes and coins while removing tainted notes from circulation. Additionally, the RBI has instructed banks not to recycle soiled notes that they receive at their counters and to only issue clean, high-quality notes to the general public.
At each of the RBI's offices that deal with currency, high-speed Currency Verification and Processing Systems (CVPS) machines have been installed. Soiled notes are shredded and briquetted online by these machines, which can process between 50,000 and 60,000 pieces per hour.
Numerous measures have been taken to increase the supply of currency notes and coins ever since the Governor announced the Clean Note Policy in 1999. People were told not to write on currency notes, and banks were told to let anyone exchange soiled and mutilated notes without restriction.
Currency chest branches of banks are required to offer high-quality notes and coins in exchange for soiled and mutilated notes, even to non-customers, per RBI instructions.
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