PIB Fact Check: Has RBI taken a sensational decision? Does pen writing on 100, 200, 500, 2000 currency notes make them valid? If it is written like that, will it be counted under the scrap paper?
Has RBI taken a sensational decision? Does pen writing on 100, 200, 500, 2000 currency notes make them valid? If it is written like that, will it be counted under the scrap paper? Will RBI de-phase them? According to RBI’s new guidelines, if anything is written on the new notes, will they be valid? A message with these details is going viral on social media and WhatsApp groups. People are shocked to see it. They are worried whether the message is true. However, the PIB fact check has determined how much truth is in this message. PIB revealed the real truth to the world. It was concluded that the whole message was a blatant lie. Rs. 2000, Rs. 500, Rs. 200, Rs. 100, Rs. 50, Rs. It has been clarified that whatever is written on the 20 notes will be valid.
PIB fact tweeted to this effect. It is clear that the viral message is not true. However, according to RBI’s clean note policy, people are asked not to write on currency notes. Writing like that will reduce the life of the currency note, so do not write any kind of writing on them. It is also stated that writing otherwise will not be invalid. Generally people use currency notes to make garlands, dolls, decorate pandals and places of worship during festivals and also to shower people in social functions. By doing this the currency notes will depreciate. Their life will decrease.
There is a facility to exchange torn and old currency notes free of cost at teller counters of banks. RBI has added this opportunity. Coins and small notes are also freely exchanged in banks. As per RBI guidelines.. old currency notes and coins can be exchanged in all bank branches in all parts of the country. However, RBI said that exchanging notes at small finance banks and payments banks is optional.
Does writing anything on the bank note make it invalid❓#PIBFactCheck
✔️ NO, Bank notes with scribbling are not invalid & continue to be legal tender
✔️Under the Clean Note Policy, people are requested not to write on the currency notes as it defaces them & reduces their life pic.twitter.com/V8Lwk9TN8C
— PIB Fact Check (@PIBFactCheck) January 8, 2023
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