Wednesday, June 12, 2013

Losing its value

............Despite the Clean Note Pol­icy of the Reserve Bank of India (RBI) and the Banking Regula­tion Act restricting people from any sort of writing on the watermark window of currency notes, many continue to write and disfigure the currency notes because of lack of awareness. Under the RBI guidelines, any sort of writing or inscription on the watermark window of currency notes is a punishable offence under Section 35 A of the Banking Regulation Act 1949; something common citizens seem unaware of. ............

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