The Reserve Bank of India (RBI) on July 27 has issued a comprehensive clarification, seeking to address the authenticity and value of currency notes with a star (*) symbol on the number panel.
Currency Notes With ‘Star’ Symbol Entirely Genuine: RBI
The move came in response to debates on the internet that raised questions about the validity of such currency notes. The RBI stated that these currency notes are entirely genuine and carry the same value as any other legal tender in circulation.
According to the RBI’s official statement, the star (*) symbol on the banknotes serves as an identifier, indicating that the particular banknote is a replacement for defectively printed ones in a packet of 100 serially numbered banknotes. These replacement banknotes are carefully introduced into circulation to uphold the overall quality and integrity of the currency supply.
“The Star (*) symbol is inserted in the number panel of a banknote that is used as a 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 (*) symbol is added between the prefix and the serial number. The Star (*) symbol is an identifier that it is a replaced/reprinted banknote,” read the statement.
