Scribbled Notes: When WhatsApp rumour disturbed RBI chief Raghuram Rajan

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New Delhi, Dec 15: Social media has been flooded with news that all notes with scribbling would be considered as "illegal" and such notes would be dismissed post 2016.

According to the news on social media, especially on WhatsApp, Facebook, Twitter, all banks would not accept Indian currency notes which would be having scribbles on it.

Money

However, Raghuram Rajan, the chief of Reserve Bank of India (RBI), overruled such as news by terming it a mere "rumour".

Rajan issued an audio message in which the RBI chief was quoted as saying, "As I understand, one of the topics trending on Whatsapp is the statement that at the end of the year notes with writing will not be accepted. This is absolutely false. Those notes continue to be a legal tender."

"RBI has had the policy in the past of disfigured note being withdrawn from circulation to be replaced by clean notes. That does not mean that they are not legal tender, they can be used everywhere, they can be accepted everywhere. There is no terminal date for acceptance, so please disregard those rumours, they are not correct," he added.

The RBI chief also clarified that the bank has not issued any such statements which alerted members of public that banks will not accept currency notes with scribbling on them from Jan 1, 2016.

OneIndia News
(With agency inputs)

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