New Rs 500 notes with faulty printing will be considered valid: RBI
New Delhi, Nov 25: They were meant to replace the demonetised currency, but some new 500-rupee notes have been identified with printing mistakes. The RBI has stated that such notes are valid for circulation and after a while when the currency flow is more steady thee notes will be looked into. At a time when the RBI is trying to keep the currency flow steady in the economy it is not considering pulling out the defected notes just yet.
Apparently, in a rush to go to print, an unspecified number of notes of Rs 500 denomination have visible errors.These notes are creating doubts in the minds of the people whether these currency notes are genuine or fake.
The most striking flaw being that of the guarantee declaration getting superimposed on the security thread in some notes, while in others there is a visible shadow of Mahatma Gandhi's face. The position of the Ashoka Pillar lion is also in the wrong place while some of the numbers on the note jut out.
However, the RBI has said these notes are valid and can be used. If people find it difficult to transact in these notes, they have been advised to exchange them.
