RBI to Indians: Stop making garlands out of bank notes

RBI to Indians: Stop making garlands out of bank notes

The Reserve Bank of India has pleaded with people to stop using bank notes to make garlands for places of worship and social events.

Making decorative garlands out of rupee notes for occasions such as political rallies and weddings is common practice in India.

But in a statement, RBI chief general manger Alpana Killawala says that the practice damages the notes and shortens their life.

Indians should respect the notes as a "symbol of the Sovereign" and help the bank pursue a "clean note policy", says Killawala.

Comments: (3)

Felix Kronabetter
Felix Kronabetter - RBR - London 13 September, 2013, 10:351 like 1 like

Oh come on RBI! Don't be such kill-joys! :)

Ian Thompson
Ian Thompson - Sopra Banking Software - Singapore 16 September, 2013, 03:11Be the first to give this comment the thumbs up 0 likes

Perhaps it is time for the RBI to take a leaf from Chinese culture and print and sell celebration money similar to the Chinese spirit money?

 

Ketharaman Swaminathan
Ketharaman Swaminathan - GTM360 Marketing Solutions - Pune 16 September, 2013, 17:14Be the first to give this comment the thumbs up 0 likes

With 2FA, Mobile OTP, Chip+PIN and the like, RBI seemed to have restricted its killjoy tendencies to ePayments. With this latest move, it has proved that they extend to cash as well!

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