Today we are telling you from where and how you can change your torn notes. And how much money does the bank give you in return.
In lieu of mutilated notes, the Reserve Bank of India has made many important changes in the (Note Refund) Rules, 2009. According to the rules, depending on the condition of the note, people can get a mutilated or defective note exchanged at RBI offices and designated bank branches across the country. Also Read: Rakhi Offer: Buy gift cards from Paytm and Amazon and get attractive cashback, know details
If you also have a torn note, then there is no need to worry. Today we are telling you from where and how you can change these torn notes. And how much money does the bank give you in return. Also Read: Driving License of 31 percent people is not made by mistake, keep in mind in the test
Replace torn notes here,
you can change these notes by going to any bank branch near you. But this facility is not available in every bank. Bank employees cannot refuse to exchange your note. The Reserve Bank of India (RBI) has clearly instructed all the banks to exchange mutilated notes. Along with this, they also have to put up boards about this facility in their branches.
2000 torn notes instead of being so worth
much, according to RBI regulations Note cracked it depends on his situation. According to the information available on the official website of Reserve Bank of India, if the 2000 rupee note is 88 square centimeters (cm), full money will be available, while 44 square cm will get only half the money.
Banks do not charge any fees
The bank does not charge any fee from you to exchange a torn note. This service is provided by the bank for free. However, the bank can refuse to exchange notes which are very bad or badly burnt. If the bank suspects that the notes have been deliberately mutilated, they will not be exchanged either.
How much refund will I get?
For full refund of old mutilated notes of Rs 50, Rs 100 and Rs 500, it will be necessary that your note is divided into 2 parts, out of which one part covers 40 percent or more area of the whole note.
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