Currency note with (*) star symbol in number panel valid, says RBI

A currency note with a star (*) symbol is identical to any other legal banknote, the Reserve Bank said
Currency note with * symbol in number panel valid note: RBI
Currency note with * symbol in number panel valid note: RBIPSU Watch archives
Published on

Mumbai: A currency note with a star (*) symbol is identical to any other legal banknote, the Reserve Bank said on Thursday allaying concerns on the validity of such notes. The symbol is inserted in the number panel of a banknote that is used as replacement for defectively printed notes in a packet of 100 pieces of serially numbered banknotes, the RBI said.

In a statement, the Central bank said it has come to the notice of the RBI that the validity of banknotes with this symbol present on the number panel has recently been the subject of discussions on some social media platforms.

Currency note with * symbol in number panel valid note: RBI
RBI permits banks to open vostro accounts from 22 countries for trade in rupee

"A banknote with a star (*) symbol is identical to any other legal banknote, except that in the number panel a star (*) symbol is added between the prefix and the serial number," it said. The RBI clarified that the symbol is an identifier that it is a replaced/reprinted banknote.

(PSU Watch– India's Business News centre that places the spotlight on PSUs, Bureaucracy, Defence and Public Policy is now on Google News. Click here to follow. Also, join PSU Watch Channel in your Telegram. You may also follow us on Twitter here and stay updated.)

logo
PSU Watch
psuwatch.com