Banks Will be Fined 10,000 if they Refuse to Accept Scribble Notes
Fake news, social media buzz, and of course, WhatsApp texts are the reasons why people believe whatever they come across and the way everything is maintained makes it even more believable. There was a rumor doing the rounds on the Internet that stated that banks will not accept notes that are scribbled and are no longer eligible for being used in the market as a means of transaction. After the rumor spread like fire, RBI had to come out and make statements on its own. 1. The RBI also stated that although they ask and appeal people not to write anything on the notes, it is still mandatory for the bank workers to accept such notes and that they shouldn’t refuse it based on some Internet rumor. 2. You should not believe any such news. No bank can refuse any currency note. The RBI cleared that notes that have anything written over them, as long as the value of the note is not tempered with, can...