(a) whether currency notes disfigured by being stitched together or any other
manner attract violation of rules laid down by Reserve Bank of India; and
(b) if so, the details thereof ?
(a) whether currency notes disfigured by being stitched together or any other
manner attract violation of rules laid down by Reserve Bank of India; and
(b) if so, the details thereof ?
MINISTER OF STATE IN THE MINISTRY QF FINANCE(SHRI NAMO NARAIN MEENA)
(a)&(b): Reserve Bank of India (RBI) has informed that there is no specific provision under
Banking Regulation Act, 1949 or under RBI Act 1934 to check/prevent such misuse of currency
notes. Hence RBI has made an appeal to the members of public not to use banknotes for making
garlands, decorative pandais and places of worship or for showering on personalities in social
events.