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 ....
Do You Want to Read More?
Subscribe Now
To get access to detailed content
Already a Member? Login here
