RBI New Rule: You know better than anyone that the Reserve Bank of India has the sole authority over the initiation and termination of Indian currency. The Reserve Bank of India also has the responsibility to issue new notes as well as maintaining the supply of notes in the market. Now, let us inform you that some news is spreading on the internet that if you write on the note, then that note will become invalid.
As you all know, in today’s time, whenever you carried some money that is written with pen or something else, that money would be rejected by any merchant if you tried to pay with it. The merchant assumes that a note bearing some writing has become useless. Recently RBI has issued some new rules concerning such situations. Let’s know more about it.
RBI New Rule
For your information, the Reserve Bank of India has just brought out a new rule about currency. RBI is making it clear that writing on notes with a pen will not consider notes as invalid but the notes have reduced their life. In fact, the Reserve Bank under the Clean Note Policy has urged people in India not to write with pens because that reduces the life of notes.
There’s no need to panic if you have a broken note in hand. All you need to do is visit the nearest bank, where you can exchange the broken note for a new one. Furthermore, if a bank employee refuses to exchange money, the customer can lodge a complaint against that employee.
Do not write anything on the note
Being responsible citizens of India, it is important to take care of notes and follow the orders given by the Reserve Bank of India. Let’s say, if something is written on the note, the note becomes less useful in time and its life is also decreased.
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