The penalties imposed by the RBI are in line with its Clean Note Policy, which requires immediate penalty levying upon the detection of a shortage in soiled note remittances or chest balances, regardless of the number of pieces detected. This penalty serves as a reminder to banks to ensure the proper handling and remittance of soiled notes. The RBI's strict enforcement of the Clean Note Policy aims to maintain the integrity of currency circulation in the country.
from Banking/Finance-Industry-Economic Times https://ift.tt/7Z5b4MR
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