The government announced on Tuesday that customers who exchange their old notes for new ones at banks, will be inked, to ensure persons don't exchange money more than once a day.
The Reserve Bank of India has issued guidelines to all the banks, notifying them about the 'Standard Operating Procedure' for the use of indelible ink on customers who successfully exchange their own, decommissioned Rs 500 and Rs 1,000 notes.
The RBI, in a statement, said, "Based on feedback received from various quarters, it is felt that there is a need to put in place a Standard Operating Procedure (SOP) for such exchange of Specified Bank Notes (SBNs)."
The government announced on Tuesday, its decision to ink the fingers of the people who exchange money at the banks, to ensure that they don't breach the daily limit by exchanging money more than once. The move has been made to ensure that the serpentine queues outside banks come down. Economic Affairs Secretary Shaktikanta Das informed the press about the government's decision on Tuesday.
In line with its decision, the government also informed Mysore Paints and Varnish Ltd, the provider of indelible ink to the Election Commission since 1962, to keep stocks ready for the task. "We have been intimated to keep the stock (of ink bottles) ready," Mysore Ink Manager (General and Corporate Affairs) C Harakumar, told PTI in a report, but the number wasn't specified.
Here are RBI's guidelines for the use of indelible ink:
-- While exchanging the SBNs, the concerned bank branch and post offices would put indelible ink mark on the right index finger of the customer so as to identify that he/she has exchanged the old currency notes only once.
-- The indelible ink would be supplied to the bank/post offices by IBA in coordination with the banks and consultation with RBI.
This procedure would be introduced to begin with in the metro cities and expanded to other areas later.
-- Each bank branch will be provided with black indelible ink bottles of 5 ml each. The cap of the bottle includes a small brush for applying the ink.
-- The indelible ink can be applied by the cashier or any other official designated by the bank before the notes are given to the customer so that while the exchange of notes is taking place, a few seconds elapse which will allow the ink to dry up and prevent removal of ink.
-- Indelible ink on the index finger of the left hand or any other finger of the left hand may not be used as a pretext to deny exchange of old notes.
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