Demonetisation: Here are RBI's guidelines on indelible ink

The government had announced on Tuesday that banks would ink the fingers of customers who exchange money at banks to ensure that they do not breach the daily limit

New Delhi, Nov 16: The Reserve Bank of India has issued guidelines to all banks about the Standard Operating Procedure to be followed while using indelible ink on customers who exchange currency notes of Res 500 and 1,000.

The government had announced on Tuesday that banks would ink the fingers of customers who exchange money at banks to ensure that they do not breach the daily limit.

RBI guidelines on use of indelible ink:

• While exchanging currency, the concerned bank branch and post offices would put indelible ink mark on the right index finger of the customer so as to identify that he/she has exchanged the old currency notes only once.
• The indelible ink would be supplied to the bank/post offices by IBA in coordination with the banks and consultation with RBI.

• This procedure would be introduced to begin with in the metro cities and expanded to other areas later.
• Each bank branch will be provided with black indelible ink bottles of 5 ml each. The cap of the bottle includes a small brush for applying the ink.

• The indelible ink can be applied by the cashier or any other official designated by the bank before the notes are given to the customer so that while the exchange of notes is taking place, a few seconds elapse which will allow the ink to dry up and prevent removal of ink.
• Indelible ink on the index finger of the left hand or any other finger of the left hand may not be used as a pretext to deny exchange of old notes.

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