Tuesday, 8 October 2013

Something Worth Knowing - RBI Guidelines.

*IMPORTANT*
Dear All,

Because of writing or unwanted signatures on Indian currency notes, Indian Government loses Rs 2,638 crores each year.

Please refrain from writing anything on currency notes as then they cannot be used for STD transactions.
e.g.: We don't find written notes in ATM.

When will we learn to value & respect our own currency??

Have you ever seen a Dollar bill or a Pound with anything written on it?

Nothing is so damn important to be written on a currency note!

RBI RULE FROM 1st JANUARY 2014: ANY BANK WILL NOT ACCEPT ANYTHING WRITTEN ON NOTES. YOU CANNOT DEPOSIT SUCH NOTES IN BANK.

BY ORDER,
RBI


15 comments:

  1. This is a Great Post..In India People have very bad habit of writing on notes..They never get the fact that time to time RBI have to replace such notes...and replacing notes with new ones in indeed a very costly process and if ever someone will know that...

    ReplyDelete
    Replies
    1. definitely. this needs to be undone. it is not at all justified. thanks for visiting Harsha :)

      Delete
  2. Did you create the image? This is awsome. And yes I do like your post..is it real?

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    Replies
    1. No!! I didn't create the image! :P If at all I had, I wouldn't possess the right to write this post :P
      Yes, I suppose these are the REAL guidelines. I just wish they are stringent this time. So that people don't take it lightly.

      Delete
  3. This news seems to fake. Although it has featured in a few reputed newspaper, this is something affecting entire Indian population and RBI cannot expect everybody to exchange their 'written-over' notes within a short span of 2 months as every second note of any denomination is written over. Next comes the point that nowhere in the news is cited the link of RBI ordinance. I searched the RBI site and found nothing. I have even dropped RBI a mail inquiring news' veracity and will update here as soon as I get a reply.

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    Replies
    1. yes,, that's true. it cannot be expected to be done overnight.
      Oh! that's some good work you have done, keep us updated :)

      Delete
  4. Aayesha kindly provide an official source or ruling that supports your blog. When you say 'by Order RBI', there should be a circular regarding the dis-continuation of written currency.

    ReplyDelete
    Replies
    1. Rajat, I would say, whether circular is present or not, we ALL should refrain from writing on notes. We don't need circulars for that!

      http://www.rbi.org.in/scripts/BS_CircularIndexDisplay.aspx?Id=7983

      Although this is a circular for the banks, I think it should be followed at individual level too; like avoid stapling and writing on notes.

      Delete
  5. But if you have taken a written note from someone and now people and banks not accepting it !!! Whats the solution then ?

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    Replies
    1. It will definitely not happen overnight, Biswajit! I'm sure the RBI will not be unfair to anyone. There will surely be a way out! :)
      till then, we can refrain from such activities!

      Delete
  6. Good post..but I hope its not implemented this soon on such a short notice.There are millions of poor people,daily wage earners, beggars etc who dont have a bank account,which will turn out to be a disaster for them, the money that they possess will turn out valueless, thus government looses thousands of crores.This is one of the many side effects that will come out as a result of this implementation on such short notice . However we should refrain from making our currency dirty..aise bhi humari currency bht niche gir rahi hai :p

    ReplyDelete
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    1. thank you Aryan :)
      arey it's India :P it won't be implemented so soon, I feel :P
      well, yes the disaster and chaos will be huge if done on a short notice. well mentioned! :)

      Delete
  7. I think its a Fake news... but RBI should initiate this asap. But before this, they should also stop stupid damn corrupted politicians to use garlands made of currency notes. *Even for idol's for that matter*

    ReplyDelete
    Replies
    1. yes initiating it is important.
      oh yeah :/ those stupid garlands :(
      thank you for stopping by Kaushik :)

      Delete
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    ReplyDelete

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