Clean Note Policy
Ritanshu Rajore - 22PGP176
Sanya Shukla - 22PGP305
What is Clean Note Policy?
+ The Reserve Bank of India (RBI) implements a clean note policy that
focuses on ensuring the circulation of clean and unsoiled currency
notes. It aims to maintain the integrity and quality of banknotes in
order to facilitate efficient and reliable transactions within the
economy.
RBI’s Directives under Clean Note Policy
+ Bank should not staple any note packet and should use paper bands to secure note packets.
+ Note packets should be banded with paper/polymer bands to secure note packets.
+ Bank should sort notes into re-issuable and non-issuable and issue only clean notes to public.
+ Soiled notes in unstapled condition may be tendered at RBI through Currency Chest.
+ Bank should stop writing of any kind on watermark window of Bank Notes.
Objectives of Clean Note Policy
PROVIDE GOOD CURRENCY AVOID THE CIRCULATION OF
NOTES AND COINS TO THE SOILED NOTES IN THE ECONOMY.
CITIZEN OF OUR COUNTRY.
Initiatives taken by RBI under Clean Note
Policy
The CVPS machine
Development of Currency
capture of processing about
Verification and Processing
50,000 to 60,000 pieces per
System (CVPS).
hour.
RBI has installed 42 such
Sorting of Notes in CVPS
machines in the currency
machine
issue office.
Challenges of RBI Clean Note Policy
Some branches not accepting lower High Volume of dirty and torn Disposal and recycling of unfit
denomination notes. Bank Notes in circulation. banknotes.
