How to exchange mutilated and torn notes? RBI guidelines and rules you need to know
RBI issues guidelines for easy exchange of mutilated notes to prevent fraud.
Source: dnaindia.com
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RBI issues guidelines for easy exchange of mutilated notes to prevent fraud.
According to the Reserve Bank of India, notes which are in pieces and/or of which the essential portions are missing can also be exchanged. -- aaa
While withdrawing money from an ATM, many times mutilated notes come out.
Here's how to exchange damaged currency notes, know what RBI rule states - How much amount will be received in exchange for a torn note, is decided by the price of the note and how much part of it is present.