Tuesday 24 April 2012

Writing on notes is an offence: RBI

 

 

Be a True INDIAN

The next time a telecom or any other service provider asks you to write your contact details on higher denomination notes (Rs 500 or Rs 1000), refuse. Writing on currency notes is a punishable offence as per the Reserve Bank of India's clean note policy.

In November 2001, the central bank had stated that writing on the watermark window of bank notes is punishable under Section 35A of the Banking Regulation Act 1949. It also ordered to stop stapling fresh, reissuable or non-issuable note packets. In 2002, RBI had pulled up a public sector bank for continuing with the stapling practice.   

Please don't write anything on currency note. they can't be used 4 standard transactions. Eg:you can't find written notes in ATM bcoz of written currency notes,our country has a loss rs.2000cr / year.

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