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  • RBI asks banks to stop Rs 1,000 notes without security thread

    Published on January 21, 2016

    RBIMumbai:  RBI has asked the banks not to issue 1,000 rupee denomination without the security thread. The bank said it has received complaints about notes of 1,000 rupee denomination without the security thread being in circulation.

    Reserve Bank said it has informed all banks in Mumbai region not to issue such notes if found in stock and to provide exchange value to the customer who approaches with such a note, if it is otherwise genuine. RBI said, the total number of such notes with public may not be more than 500 pieces.

     

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