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.
Banknote with a star symbol is valid: RBI economy