Moneycontrol
Last Updated : Mar 10, 2017 07:53 AM IST | Source: Moneycontrol.com

Banks can accept coloured notes, but avoid dirtying them: RBI

The Reserve Bank of India on Thursday clarified that banks can accept colour-stained notes amid messages circulating on WhatsApp that public sector banks have been asked not to accept coloured Rs 2,000 and Rs 500 notes.



The Reserve Bank of India on Thursday clarified that banks can accept colour-stained notes amid messages circulating on WhatsApp that public sector banks have been asked not to accept coloured Rs 2,000 and Rs 500 notes.

In a statement, the central bank, however, has dissuaded citizens from colouring or dirtying currency notes.

“It is true that we follow clean note policy and discourage people from abusing currency notes. But there is no instruction issued to banks saying they should not accept dirty notes,” the RBI said.

The directive assumes significance with Holi — the festival of colours — just around the corner. Every year, Holi celebrations — water balloons, jet sprays, etc — lead to soiling of the notes.

First Published on Mar 9, 2017 09:49 pm
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