By Admin 
Torn notes exchange rules: If there are old, mutilated or torn notes in the house. So many people wonder how to get them replaced in a bank. Such notes are often unable to use the market and outside. But the Reserve Bank and other banks give facilities to change these notes.
The process of replacing chopped notes is easy. Just you have to follow some important rules and steps. Keep in mind that according to the condition, price and bank policy of the note, you can exchange. Know what is its process.
How to exchange note in bank
If you have many cut notes. So there is no need to get upset in such a situation. To change the mutilated notes, you must first go to your nearest bank branch. After this, show the bank officials by counting the notes and taking the form. Bank officials will check the status of the note and the standards have been set. According to him, we will accept.
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Let us tell you that to change the old notes, you must have identity cards like Aadhaar card, PAN card or voter ID. In the bank, you get the facility of cash note exchange up to a limit of 5000 thousand at a time. Whereas for a large amount, you may have to deposit in the bank account. The time of note exchange is fixed by the bank. So find out in advance.
What to do if the bank refuses?
If the bank refuses to change the mutilated notes for some reason, then there is no need to panic. First of all check the status of the note and the guidelines of the bank. Many times the bank exchanges cash notes only to the fixed limit, or does not accept some notes. You can also try in another branch.
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Because the rules of separate branches may be slightly different. Apart from this, after taking information from the Reserve Bank of India website or helpline, find out which notes are exchangeable and which are not. If the notes are not completely bad, it can be easily replaced by depositing it on the bank or special RBI counter.
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