RBI is now printing Rs. 200 notes

Sushubh

Administrator
[OP]
Oct 29, 2004
413,823
12,769
Gurugram
 

Sushubh

Administrator
[OP]
Oct 29, 2004
413,823
12,769
Gurugram
things are insane. these newer notes have smaller width so they go well. but mixing with older currency creates a nuisance. they really should phase out older notes. do not demonetize them. just take them from the banks as they are deposited and issue newer notes. so that in a few years, the newer notes would form majority of the notes in circulations.
 


Smh

Regulars
Nov 7, 2016
884
136
what happens if atm dispenses damaged notes which happens regularly

they just want people to stop using cash :cautious:
 

Sushubh

Administrator
[OP]
Oct 29, 2004
413,823
12,769
Gurugram
yeah. i hate taking out cash from atms. just too much risk involved.
best is to use your own bank's atm during working hours.
and demand to get the damaged note replaced on the spot.

and of course. the whole mess with pen markings. not sure if rbi has issued any notification on the same. or whether banks are rejecting notes with pen markings. it is totally absurd that valid currency is looked at with suspicion these days.
 

Smh

Regulars
Nov 7, 2016
884
136
i got 5-6 500rs notes with pen/pencil markings from atm and shopkeepers refused to accept them. And because these notes are of shit quality you cannot even erase pencil markings with eraser. Erased portions looks weirdly faded.
 
Reactions: Sushubh