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It seems that the government led by Prime Minister Narendra Modi simply can not get anything good. It is now clear that new banknotes denominated with higher "security" features introduced after demonetization quickly become unusable in just two years of circulation.
According to sources, this is due to the poor quality of the paper used to print these notes, compared to earlier grades that were in circulation for years. If the currency becomes unusable, it can not be used in ATMs because sensors located inside the ATMs can not detect poor banknotes.
The report on the Hindi news website Amar Ujala says the problem is so intense that Apart from the $ 2,000 and $ 500 bills, even the new $ 10 bills issued in 2018 also become "unusable" . The report alleged that the banks had begun to clbadify these notes as "non-transferable"
. In fact, earlier, the RBI banned banks from clbadifying the new notes in the "non-issuable" category, but under the pressure from commercial banks, the central bank eased the rule on July 2, 2018.
Banks clbadify notes in the "non-emissive" category when the currency can not be used in ATMs, nor be accepted , exchanged by the public. Dirty, torn and dirty banknotes are clbadified as "non-transferable" and are returned to the Reserve Bank.
According to the circular "The RBI, with the aim of alleviating the difficulties that the public faces in real cases, it has been provided that the RBI may, with the prior approval of the Central Government, prescribe the circumstances and the conditions and restrictions on which the value of such notes or bank notes may be repaid voluntarily. [19659007] (function (d, s, id) {
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