RBI appealed against currency garlands

public not to use bank notes for making garlands

Created On: Sep 17, 2013 14:55 IST

The Reserve Bank of India (RBI) on 11 September 2013 appealed the public not to use bank notes for making garlands, decorating pandals and places of worship or for showering on personalities in social events etc.

RBI while issuing the appeal explained that using notes in these activities deface the banknotes and shorten their life. Banknotes should be respected as the symbol of the Sovereign and public should not misuse them. People should help in increasing the life span of banknotes.

The Reserve Bank of India is taking all measures to supply clean banknotes across the country and urged the members of public to contribute their mite to its efforts in pursuing a clean note policy for the country.

There is no specific provision under the Banking Regulation Act, 1949, or under RBI Act, 1934 to check or prevent such misuse of currency notes.

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एग्जाम की तैयारी के लिए ऐप पर वीकली टेस्ट लें और दूसरों के साथ प्रतिस्पर्धा करें। डाउनलोड करें करेंट अफेयर्स ऐप

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