RBI New Rule: Reserve Bank of India has taken a big decision regarding notes. Often times people keep trying to use old neck and torn notes. However, now after this decision of RBI, the fitness of the notes will be checked. The Reserve Bank of India has instructed the banks across the country to use the machines to check the fitness of notes instead of counting the notes. According to this instruction of RBI, now the fitness of notes will be checked every three months. In such a situation, to check whether the note kept in your pocket is fit or unfit, RBI has set 11 standards.
What are unfit notes?After this instruction of RBI, clean notes will be easily identified so that they do not have to face problems in recycling. Unfit notes are those which are not suitable for recycling. Now let's know about those 11 beads that will make any note fit or unfit.
How will the identification of unfit notes be done?Notes which are found to be very dirty and in which there is a lot of dust and soil, then in this situation those notes will be considered as unfit.When a note stays in the market for a very long time and it is transferred from this pocket to that pocket, it becomes very loose. Loose notes will be considered as unfit, while hard notes will be included in the category of fit.Notes torn from the edge or the middle will be considered unfit.
- If the area of dog ears made in the note is more than 100 square millimeters, then it will be considered as unfit.
- Notes that have holes larger than 8 square millimeters are considered unfit notes.
- Any graphic change in the note is considered as an unfit note.
- If there is a lot of stains, pen ink etc. on the note, then it is an unfit note.
- If something is written on the notes or any kind of painting notes will be unfit.
- If the color of the note goes off, then it is an unfit note.
- If there is any kind of tape or glue on the torn note, then those notes will be considered unfit.
- If the color of the notes has gone or has become lighter, then they will also be included in the category of unfit.
Use of unfit notes machineLet us tell you that RBI is making the machine in an updated way to identify unfit notes. The machine will identify these notes and throw them out of the market. This machine will identify unfit notes. RBI has instructed all the banks that this machine should be used properly. Also, its care should also be taken seriously.