Reserve Bank of India governor Raghuram Rajan on Tuesday refuted rumours that notes that have been scribbled on would not be accepted from January 1. PTI reported that Rajan, in an audio message, said such notes would also be accepted as legal tender, and denied issuing a communiqué that stated banks would not accept these notes.

The RBI's statement added that all currency notes issued by RBI are legal tender and banks and the public can freely use them. “There is no terminal date for acceptance,” Rajan said.