SC: Fixed Shares Paid to Association of Persons Members are Taxable as Income, Regardless of Profit || Supreme Court: Wife Pursuing Her Career Cannot be Deemed Cruelty For Hurting Her Husband || Supreme Court: Appeals Must Include Certified Copies of Orders, as E-Filing Alone is Insufficient || Supreme Court: Children Have a Fundamental Right to Receive Education in Their Mother Tongue || Delhi High Court: Employer’s Delhi Head Office Alone Does Not Give Delhi Labour Courts Jurisdiction || Delhi High Court: Labour Courts Cannot Decide Disputed TA/DA Claims under Section 33C(2) of ID Act || J&K&L HC: Rejection of a Representation Does Not Create Fresh Cause of Action in Service Matters || J&K&L HC: Suspension Period Can be Excluded Only For Back Wages and Not For Seniority or Promotion || Supreme Court: SC/ST Act Does Not Apply to Alleged Casteist Abuse Inside a Private House || Supreme Court: Frictionless Relationship Between the Bar and the Bench Strengthens Justice Delivery

Facility for Exchange of Soiled/ Mutilated/ Imperfect Notes- (Reserve Bank of India) (14 Jul 2016)

MANU/RDCM/0006/2016

Banking

The Reserve Bank of India notified that up to 20 soiled notes, worth no more than Rs. 5000, can be exchanged free of charge at non-chest branches banks over the counter. For amounts greater than that, the bank is allowed to issue a receipt to be credited later and levy a service charge.

Mutilated and imperfect notes can also be exchanged at non-chest branches of banks over the counter, provided they no more than five in number and do not exceed Rs. 5000. Larger collections and values will be sent to currency chest branches for adjudication.

Tags : CURRENCY SOILED MUTILATED OVER THE COUNTER EXCHANGE

Share :