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RBI notification says banks can’t reject jotted notes

As per the RBI’s notification, banks cannot reject to receive worn and jotted notes. Reserve Bank of India said that worn and jotted banknotes had to be preserved as stained notes and to be accounted as per the central bank’s clean note policy. RBI received complaints that most of the bank branches are not accepting the jotted banknotes and after ... Read More »

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