Clean Note Policy

  • Recently, the Reserve Bank of India (RBI) has decided to withdraw Rs 2,000 denomination banknotes from circulation under the "Clean Note Policy".
  • The clean note policy was introduced by the Reserve Bank of India (RBI) in 1999 to address the issue of soiled and mutilated notes.
  • Banks are instructed not to give soiled, torn and mutilated notes to customers and instead deposit them with RBI.
  • Stapling of currency notes/packets is prohibited as per the policy.
  • The objective of the Clean Note Policy is to provide good quality currency notes and coins to the customers.
  • Soiled and mutilated currency notes can ....
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