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RBI Clarifies Acceptance of Coloured Notes by Arun is a document available to read on EtoBox.

What is RBI Clarifies Acceptance of Coloured Notes about?

The document summarizes Reserve Bank of India guidelines regarding accepting banknotes that are scribbled on, faded, or discolored. It states that banks cannot refuse to accept such notes from the public, and must treat them as soiled notes. It advises bank controlling heads to instruct their branches to follow these instructions and not refuse such notes from customers, as failure to comply could result in punitive action. The RBI had previously urged the public and banks not to write on notes to maintain

Author

Arun

Language

EN