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Date: 14/09/2009
Restrictive practices while accepting bank notes

It has come to the notice of the Reserve Bank of India that certain establishments are adopting restrictive practices such as not accepting notes of certain denominations or series etc. The Reserve Bank of India, therefore considers it necessary to emphasise that all government/semi-government offices, public/ private sector institutions and also any other organisation/establishment/ individual accepting cash should desist from such practices.

For further information and guidance, the Regional Offices of the Reserve Bank of India may be approached. Features of genuine Indian bank notes are also posted on Reserve Bank of India’s web site www.rbi.org.in.

Ajit Prasad
Manager

Press Release: 2009-2010/425

 
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