Site icon CA Cult

Reserve Bank of India clarifies on Star Series Banknotes

Reserve Bank of India clarifies on Star Series Banknotes

It has come to the notice of the Reserve Bank that the validity of banknotes with a Star (*) symbol present on the number panel has recently been the subject of discussions on some social media platforms.

In this connection, it is informed that the Star (*) symbol is inserted in the number panel of a banknote that is used as replacement for defectively printed banknotes in a packet of 100 pieces of serially numbered banknotes. 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 Star (*) symbol is an identifier that it is a replaced / reprinted banknote. Information about the “Star Series” banknotes is available on the RBI website as part of FAQs on Indian Currency (Question 9 of Section B).

Press Release

Read More on RBI

Exit mobile version