FROM 1st JANUARY 2016 ANY BANK WILL NOT ACCEPT ANYTHING WRITTEN ON NOTE RBI GUIDELINES in Facebook, Twitter and other social networking sites:
Because of writing on Indian currency notes, Indian Govt loses Rs 2,638 cr each year, so please don’t write anything on currency note as they can’t be used for STD transactions e.g. We can’t find written Notes in ATM. When will we learn to value & respect our own currency ? Have you seen a dollar bill or a Pound with anything written on it ?
When the Reserve Bank of India’s central board, led by Governor Raghuram Rajan, met in the city on Friday, a message on defaced currency notes losing legal tender from January 1 started trending on the social media.
The ‘post,’ which appeared on a free instant messaging site, said post-January 1, banks will not accept currency notes with scribbling.
Such currency notes cannot be used for standard banking transactions or dispensed through ATMs, and India lost Rs. 2,638 crore a year because of the habit of defacing the currency notes.
‘Value own currency’
“Learn to value and respect your own currency… Have you seen a dollar bill or a pound with anything written on it,” the post said, urging all to share it. Complete with the RBI logo and Mr. Rajan’s picture, the post could fool the common man, though its language was a dead giveaway.
In the wake of rumours circulating in the market that from January 1, 2016, banks will not accept banknotes with anything written on them, the Reserve Bank has urged members of public not to fall prey to such rumours and to use their banknotes without any fear. The Reserve Bank of India has clarified it has NOT issued any such instructions.
It has further clarified that it had issued instructions on August 14, 2015 only to banks advising them to instruct their staff not to scribble or write on the body of the banknotes since it was observed that the bank officials themselves were in the habit of writing on banknotes which went against the Reserve Bank’s Clean
Reiterating that writing or scribbling on banknotes works against its Clean Note Policy, the Reserve Bank has also sought co-operation from all members of public, institutions and others in keeping the banknotes clean by not writing/scribbling anything on them
None the less, even if the news is not true, we as responsible citizens should abstain from writing anything on currency notes as it brings down our economy; and moreover writing anything on currency notes is punishable by law. So why to do it? We will keep you updated on this news.