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BANK OF INDIA NOTES NOT IN ERROR
Kavan Ratnatunga of Sri Lanka inquired about the Bank of India banknote error reported last week. Collector Shamik Biswas writes: "The journalist is ill informed. I have the new Rs 500 notes of both Raghuram Rajan and Subba rao (bought from a dealer for a collector, ATM gives old notes). The dates are 2013 and not 2014. Even the Rajan note is 2013 dated. Even if they are any 2014 notes of other denominations with a Subba Row signature, it will not be a rarity as signature gets changed in a phased manner. There are notes of 2012 and 2013 without the new rupee symbol which was introduced in 2011. Also the journalist's contention that the subba row notes of 2014 will not be legal tender is not correct and i feel her senior banker source is her uncle who might be a low level administration clerk at a bank. RBI's response is was that all notes were legal tender and there is a phased change to new Governor's signatures.. Sometimes I feel these stories are planted by Coin dealers to jack up prices of very common items..."
Thanks to Shamik for providing an image of the 2013 note with the new Governor's signature.
Below is a follow-up article refuting the earlier one.
-Editor
Amid reports of goof-up in printing of notes, Reserve Bank of India (RBI) said on Tuesday that the new notes bearing signature of former Governor D Subbarao are legal tender and the process of changing signature is underway. Changing a Governor’s signature on the banknotes is a tedious process, the RBI said. ‘To complete the process in all the banknote presses for all denominations of banknotes is a programme which is under way and is expected to be completed in due course,’ it said. The explanation comes amid reports that new Rs 1,000 and Rs 500 notes bearing signature of Subbarao, who has demited office in September 2013, are being rolled out from RBI printing presses. To read the complete article, see: RBI denies goof-up as new notes carry Subbarao signature (www.millenniumpost.in/NewsContent.aspx?NID=53461)
To read the earlier E-Sylum article, see:
BANK OF INDIA GOOFS GOVERNOR'S SIGNATURE
(www.coinbooks.org/esylum_v17n10a25.html)
The Numismatic Bibliomania Society is a non-profit organization promoting numismatic literature. See our web site at coinbooks.org. To submit items for publication in The E-Sylum, write to the Editor at this address: whomren@gmail.com To subscribe go to: https://my.binhost.com/lists/listinfo/esylum All Rights Reserved. NBS Home Page Contact the NBS webmaster 
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