By Admin 
Often People get mutilated, dirty or colored notes. Many times such notes come out from ATMs as well, due to which people get worried. Many times like this shopkeeper They also refuse to accept such notes and people do not even know how to use these notes. got changed Go. In such a situation, it is important to know what rules the Reserve Bank of India has made regarding changing these notes and how many notes the bank changes in a day.
How many notes can be changed in a day?
rbi According to the rules, any person can carry a maximum of 20 notes at a time. get changed Could. The total value of these notes should not exceed Rs 5,000. In this situation the bank makes the payment immediately over the counter itself. Whereas if the total number of notes value If it is more than this, the bank accepts the note and the money is deposited into your bank account. Apart from this, notes of more than Rs 50,000 to change But process It may take some time.
Does the bank charge a fee for exchanging notes?
rbi of guidelines According to, generally no fee is charged for exchanging mutilated notes. However, it depends on the condition of the note whether the full amount will be received or not. In some cases, especially on bad notes, the amount may be less. At the same time, the bank changes all such notes whose identity can be clearly identified and is necessary. security Features Be present. This includes soiled, torn or slightly damaged notes. If a note is completely burnt or deliberately damaged, the bank may refuse to exchange it.
What will happen to the more damaged notes?
Notes that are badly burnt, stuck together or in very bad condition Condition If you are in India, normal bank branches may refuse to accept them. such notes rbi Of issue Can be changed in the office, where they are evaluated differently. Let us tell you that rbi has also made it clear that no bank can refuse to exchange mutilated or dirty notes. The bank decides the price of the note based on its remaining portion and makes payment accordingly.
full money on small notes
rbi According to the rules, there is no rule to give half the amount in notes ranging from Rs 1 to Rs 20. Full money is given in exchange for such notes. There may be some reduction in notes of Rs 50 to Rs 500 depending on the situation. rbi In the guidelines issued in April 2017, it had said that all banks are obliged to exchange mutilated notes of customers. This service is free and requires no charges. extra Fees cannot be charged.
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