Banks Cannot Refuse To Accept Scribbled Bank Notes: RBI [Read Notification]

Reserve Bank of India (RBI) has clarified by its notification dated 25th April 2017 that the bank branches cannot refuse to accept scribbled/coloured/faded bank notes.Lately, RBI has received complaints from the general public that bank branches are refusing to take scribbled bank notes or whose colour has faded, particularly the ones in the denomination of INR 500 and INR 2000.Earlier RBI...