Rajan dismisses social media rumours on scribbled notes

Dismissing rumours on the social media, the Reserve Bank on Monday said all notes including those with scribbling will continue to be legal. "As I understand, one of the topics trending on Whatsapp is the statement that at the end of the year notes with writing will not be accepted. This is absolutely false. Those notes continue to be a legal tender," RBI Governor Raghuram Rajan said in an audio message. 

"RBI has had the policy in the past of disfigured note being withdrawn from circulation to be replaced by clean notes. That does not mean that they are not legal tender, they can be used everywhere, they can be accepted everywhere," he said.