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The Reserve Bank of India at present issues
fresh banknote packets containing one hundred (100) serially numbered banknotes.
Each banknote bears a distinctive serial number along with a prefix. The prefix
consists of the numeral and a letter/letters and is followed by a serial number.
The number e.g. could be 4CC 456917.
In a serially numbered packet, banknotes with
any defect, detected at the printing stage, are replaced at the note printing
presses by banknotes having the same number so that the sequence of the packet
is maintained. As a part of the Bank’s ongoing efforts to benchmark its procedures
against international best practices as also for cost effectiveness at printing
presses, it is proposed to adopt the STAR series numbering system for replacement
of the defectively printed banknotes.
The Star series notes, to begin
with, will be issued in lower denominations, that is, Rs.10, Rs.20 and Rs.50.
The Star series notes will look exactly like the existing notes of Rs.10, Rs.20
and Rs.50 in the Mahatma Gandhi series but will have an additional character
viz. a *(star)
in the number panel. Packets with star series notes will have 100 pieces as
usual but not in serial order. The Star series notes will be legal tender and
members of public may freely accept and use these notes.
Consequently, some fresh banknote
packets issued by the Bank may contain some notes having a *(star)
in the number panel in the space between the prefix and the number. The packet
will contain 100 banknotes, as hitherto. The number e.g. may be 4CC*456987.
To facilitate easy identification of note packets containing star series notes,
the bands on such packets will clearly indicate the presence of these notes
in the packet.
Ajit Prasad
Manager
Press Release: 2005-2006/1337
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