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| RBI refuses to replace half cut 1000 rupee note | | ‘Offers just half to account holder’ | | Early Times Reporter
Jammu | Mar 27
In a bizarre incident, perhaps the first of its kind, the Reserve Bank of India, Jammu Branch refused to replace Rs.1000 note drawn from the bank and offered only fifty per cent of it to the account holder.
Amit (name changed) today went to RBI to draw some payment and while counting the notes he found a Rs.1000 note half cut and pleaded for its replacement. He got stunt on the refusal of the cashier to replace the note.
Finding no alternative, he dared to meet one of the senior officials of the Bank and requested for replacement of the note. Surprisingly, the official concerned asked him to either accept Rs.500 against Rs.1000 note or leave the bank.
Narrating the incident to EARLY TIMES, Amit lamented the Bank administration for putting him to unnecessary loss without any reason. If such an attitude of the bank authorities, especially the RBI, is allowed to continue, it is feared that people would think twice before making deposits in the banks, he said and called for strict action against the officials for refusing replacement of the half cut note drawn from the bank itself. |
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