Friday, January 3, 2014

Fears over scribbled notes despite RBI clarification

.......... The RBI has clarified it has not issued any such instruction,” said the RBI, in a notification on New Year ’s Eve. However, many people complained that shopkeepers have stopped accepting notes with scribbles, stating that they were now out of circulation owing to an RBI directive. Kanchan Bisht, a Delhi resident, said: “While paying my electricity bill, the official refused to accept a scribbled note and said such notes are no more valid. Then I was told that the RBI has issued some instructions in this regard.”..........

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