Source: News Bharati English02 Dec 2016 12:15:33

New Delhi, December 2: Rumors on demonetization doing the rounds on social media, General Manager Suman Ray asked banks and public to not rely on other unsecured or unofficial channels such as social media for information,on Thursday. Reserve Bank of India cautioned banks as well as the public not be misguided by unverified documents or information being circulated on social media channels regarding demonetization of old Rs.500 and Rs.1000 currency notes.

In its press release, the RBI said that people should rely on information provided by it on its website. Banks should not rely on other unsecured or unofficial channels like social media wherein the authenticity of the documents circulated is questionable and not verifiable.

“In the wake of withdrawal of legal tender character from the Specified Bank Notes (SBNs), the Reserve Bank of India has, from time to time, been issuing instructions to the banks which are sent directly to banks through an official mail,” it said. This advisory comes in the wake of recent rumors regarding fake Rs 10 coin in circulation as well as the presence of Nano-GPS chip installed in Rs 2,000 notes. Both were dismissed as rumors by the RBI.

RBI said, “It has been reported that some less-informed or uninformed persons who suspect the genuineness of such coins are creating doubts in the minds of ordinary people including traders, shopkeepers, etc. impeding the circulation of these coins in certain pockets of the country causing avoidable confusion.”

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