The Reserve Bank of India issued a circular stating that banks cannot refuse to accept cheques with fractional rupee amounts and will be penalized for doing so. Vasudev Thakkar was asked by his bank to reissue a cheque for Rs. 5,687.89 by rounding off the amount to the nearest rupee, but an RTI request confirmed the RBI circular prohibits this practice. A high court also ruled that banks must accept all legal tender presented by customers.