RBI planning to change design of currency notes

Thane: The Reserve Bank is considering to make changes in the design of currency notes, the central bank informed in reply to an RTI query.

To an RTI query by the Bharatiya Banking Consumers Forum (BBCF) whether the government/RBI was going to change the design of the currency notes, the RBI replied that it was under active consideration.

The Forum said the RBI effects changes in the design of currency notes periodically and it sought a reply to find out the status of change in design this time.

It said that the Forum raised this issue against the background of many instances of counterfeiting of notes.

Source: Financial Express