Banknote with a star symbol is valid: RBI
- July 28, 2023
- Posted by: OptimizeIAS Team
- Category: DPN Topics
No Comments
Banknote with a star symbol is valid: RBI
Subject :Economy
Section: Monetary Policy
In News: RBI clarifies that the star (*) symbol present on the number panel of a banknote is an identifier that it is a replaced or reprinted banknote.
Key Points:
- A star symbol is added between the prefix and the serial number in some of the notes.
- The Reserve Bank of India (RBI) has clarified that 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.
- The central bank said the star (*) symbol present on the number panel of a banknote is an identifier that it is a replaced/reprinted banknote.
- This clarification comes in the wake of the validity of banknotes with a star (*) symbol present on the number panel recently becoming the subject of discussion on some social media platforms.