RBI Guideline to Reject Currency Notes if written a slogan or anything else.
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| Photo credit: http://www.rbi.org.in |
Since last couple of weeks I have been seeing a continuous facebook post people saying and bothering that "RBI is going to reject all currencies/Notes from 1st January 2014 if anyone writes something across it or if it is already written."
Much of the discussion have been made on this issue, but reality is that RBI has only warned people not to write anything on currencies and to keep it clean. A Banker cannot reject its own currency only on the ground that it is pre-written with a slogan or else. However, if you write something in front of a banker it will be rejected.
Reality is that Bank cannot summarily reject all such currencies, what about those currencies we have, pre-written by someone else?
In fact RBI tries to make us aware not to write any thing on a note. According to Deputy Governor K C Chakrabarty "If anyone writes anything on the currency note at the front of a banker then he may deny to accept that note so that this mistake may not be repeated again by that person."
He further stated "Our aim is to create awareness among the people that they should not write anything on the currency notes and need to keep the currency notes clean,"
