Mumbai: A buyer offers Rs 2,000 rupee foreign money notes to the shopkeeper at a jewelry store in Mumbai, Tuesday, May 23, 2023. The Reserve Bank of India has introduced for withdrawal of Rs 2,000 foreign money notes from circulation, and present notes in circulation can both be deposited in financial institution accounts or exchanged by September 30. (PTI Photo/Kunal Patil) (PTI05_23_2023_000047B)
| Photo Credit: KUNAL PATIL
The Reserve Bank of India (RBI), following discussions on some social media platforms, has clarified that foreign money notes that come with the Star (*) symbol are identical to any other legal banknote.
“It is informed that the Star (*) symbol is inserted in the number panel of a banknote that is used as replacement for defectively printed banknotes in a packet of 100 pieces of serially numbered banknotes. A banknote with a Star (*) symbol is identical to any other legal banknote, except that in the number panel a Star (*) is added between the prefix and the serial number. The Star (*) symbol is an identifier that it is a replaced/ reprinted banknote.”
Fresh banknotes issued by the RBI until August 2006 have been serially numbered. Each of those banknote bears a particular serial quantity alongside with a prefix consisting of numerals and letter/s. The banknotes are issued in packets containing 100 items.
The RBI adopted the “STAR series” numbering system for substitute of defectively printed banknote in a packet of 100 items of serially numbered banknotes.
