Are banknotes with star symbol in number panel valid? RBI issues clarification
PTC News Desk: Allaying concerns on the validity of currency notes with a star (*) symbol, the Reserve Bank of India (RBI) on Thursday clarified that such banknote is identical to any other legal banknote.
According to the RBI, the symbol is inserted in the number panel of a banknote that is used as a replacement for defectively printed notes in a packet of 100 serially numbered banknotes.
The central bank stated in a statement that it has lately come to the RBI's notice that the validity of banknotes with this symbol on the number panel has recently been the subject of discussions on several social media platforms.
"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," RBI stated.
The RBI clarified that the symbol indicates that the banknote has been replaced or reprinted.
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- With inputs from agencies
