SC: Exporters with Pending Applications Prior to Rule 96(10) Omission Entitled to IGST Refund || Bombay HC to Scrap Law College Intake Cuts if Mumbai University Follows Prescribed Timelines || Delhi HC Orders Removal of Derogatory Online Content Targeting Actress Tabu || Madras HC Orders Interim Elected Panel to Manage State Bar Council Affairs Until New Committee Forms || Patna HC: Whatsapp Messages Need Section 65B Certificate, Oral Evidence is Insufficient || Allahabad HC: Denying Maintenance That Forces Wife into Destitution Violates Art 21 Right to Dignity || Rajasthan HC Takes Suo Motu Notice of Structural Defects After IIT Bombay Warns Dome May Collapse || Bombay HC: 0.1 Mg Above Alcohol Limit is Insufficient to Warrant a Drunken Driving Trial || Supreme Court: Marking a Document as an Exhibit Does Not Prove its Contents || Supreme Court: Unpaid Consideration Alone Does Not Invalidate a Sale Deed

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 :