Thursday, February 26, 2015

Clean Note Policy

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Problems to deal with

  • Stapling on note bundles
  • Writing number of note pieces in loose packets on watermark windows, disfiguring the watermark impression and rendering it difficult for easy recognition
  • Banks do not sort notes into - Re-issuables and Non-issuables - while issuing to public
  • Issuing Soiled notes to public
- Therefore to address these problems of currency handling, RBI came up with its 'Clean Note Policy'

Clean Note Policy
  • No stapling of any note packet and instead secure note packets with paper bands
  • Banks should sort notes into - Re-issuables and Non-issuables
  • Banks should forthwith stop writing of any kind on watermark window of bank notes
  • Issue only Clean Notes to public

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Happy learning!

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