Recently I have seen messages in many groups and on WA, saying Soiled Notes are refused by banks and to wave it in front of CCTV if obtained from ATM etc. (I had also further fwd to some); but not being convinced I searched RBI site to the max extent possible and found this to be the
LATEST circular:-
https://drive.google.com/file/d/0BzXilfcxe7yuMGVoekdINTBqYjA/view
RBI Circular ND. ID. (Res). No. 4530/04.00.001/2016/17 of 25 Apr 2017 on Scribbling on Banknotes (and earlier one of 31 Dec 2013) 4 Pages , 2 each in English & Hindi
(or https://drive.google.com/file/d/0BzXilfcxe7yuMGVoekdINTBqYjA/view?usp=sharing)
You may like to read the following also:-
https://rbidocs.rbi.org.in/rdocs/notification/PDFs/03MCE030720179575C9A332234E91BAFBF9B09EA2F72F.PDF
Master Circular – Facility for Exchange of Notes and Coins
Para 1 (a) (iii) , Paras 3 to 7. may be read.
Para 8 appears most significant: NO mention of writing/scribbling is mentioned, unless containing slogans and message of a political nature
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Banks can’t refuse scribbled notes, says RBI circular
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Clean Notes Policy: RBI directs banks not to turn away soiled notes
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Accept scribbled notes, slap fine for refusal: RBI circular
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Exp:55%
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