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How to exchange Torn currency Notes.
New Delhi: Did you try to withdraw ATM cash and one of the notes in the bundle was a torn or tattered note? Or did someone smartly try to pass off a brittle note and you accepted it inadvertently? If that happened, don t spend your time worrying as to how you can trick others into accepting the same from you. Instead, follow these guidelines as issued by the Reserve Bank of India.
As per RBI, a mutilated note is a note of which a portion is missing or which is composed of more than two pieces. Mutilated notes may be presented at any of the bank branches. The notes so presented shall be accepted, exchanged and adjudicated in accordance with Reserve Bank of India (Note Refund) Rules, 2009. ....

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