RBI Notification on Clean Note Policy
DCM (NPD) No. G-11 /09.39.000 /2013-14
August 14, 2013
The Chairman and Managing Director / The Chief Executive Officer
All Banks (including Co-operative banks and RRBs)
Madam / Dear Sir,
Clean Note Policy
Please refer Bank’s directive vide DBOD No. Dir. BC. 43/13.03.00/2001-02 dated November 07, 2001 and circular DCM (NPD) No. 5133/09.39.000/2012-13 dated May 10, 2013 on the captioned subject.
2. It has been noticed that at certain branches of banks, the practice of writing/scribbling on the body of the banknotes continues to remain in vogue. Under the present system of mechanized processing of banknotes, inscription or scribbling on any part of the banknote would render it to be classified as unfit for reissue. Accordingly, such banknotes get treated as soiled banknotes and cannot be recirculated.
3. You are advised to issue suitable instructions to all dealing officers and staff to forthwith stop writing / scribbling of any kind on any part of the banknote to ensure achievement of the objectives of clean note policy.
4. Please acknowledge receipt.
(B. P. Vijayendra)
Principal Chief General Manager
eMinds Legal | Advocates & Solicitors
eMinds Legal is a boutique Law Firm based in Gurgaon, India specializing in Corporate Legal, Corporate Secretarial and Compliance. The Firm comprises of a team of Corporate Lawyers and Company Secretaries with in-depth subject matter knowledge and participative industry experience of over 15 years.