Currency note with star (*) symbol is valid note, clarifies RBI

A currency note with a star (*) symbol is identical to any other legal banknote, the Reserve Bank (RBI) said on Thursday (July 27) allaying concerns about the validity of such notes.

The symbol is inserted in the number panel of a banknote that is used as a replacement for defectively printed notes in a packet of 100 pieces of serially numbered banknotes, the RBI said.

Also read: Select nations now allow Indian rupee payments; where, and how it matters

In a statement, the central bank said it has come to the notice of the RBI that the validity of banknotes with this symbol present on the number panel has recently been the subject of discussions on some social media platforms.

“It has come to the notice of the Reserve Bank that the validity of banknotes with a Star (*) symbol present on the number panel has recently been the subject of discussions on some social media platforms.

“In this connection, it is informed that the Star (*) symbol is inserted in the number panel of a banknote that is used as replacement for defectively printed banknotes in a packet of 100 pieces of serially numbered banknotes,” RBI said in a press release.

Also read: RBI: 76% of Rs 2,000 banknotes in circulation as on May 19 have been returned

According to RBI, the star (*) symbol is an identifier that it is a replaced/reprinted banknote.

“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. Information about the “Star Series” banknotes is available on the RBI website as part of FAQs on Indian Currency (Question 9 of Section B),” it added.

Reserve Bank of India clarifies on Star Series Banknoteshttps://t.co/BFBYLbH8Ao

— ReserveBankOfIndia (@RBI) July 27, 2023