Banking Operations Group News Today : Breaking News, Live Updates & Top Stories | Vimarsana

Are you a holder of torn, soiled, damaged currency note? Do no worry, take the note(s) and go to any bank branch. They will exchange the notes and give you fresh currency notes. However the value of the exchange depends upon the condition of the torn, damaged, etc currency notes.

Re-KYC is an periodic update on an individual's KYC status, which has to be conducted by every banks and other entities regulated by the Reserve Bank of India (RBI). However if re-KYC process is not followed with banks will suspend the bank account until the individual completes the re-KYC process.