SC: Lessee Cannot Challenge Eviction After Landowner Withdraws Plea || SC: Appointment Contrary to Recruitment Advertisement Constitutes Fraud on Public || SC: Bribe Given to Intermediary Alone Insufficient to Establish Public Servant's Guilt under PC Act || SC: AO Cannot Revive Assessment Concluded by Settlement Commission under Income Tax Act || SC: Insurer's Office Location Alone can't Confer Jurisdiction for Claim under MV Act || Calcutta HC: Mutual Consent Divorce Justifies Quashing S.498A IPC Cruelty Case under HMA || Delhi HC: Mere 2-Year Delay in Arbitral Award does not Warrant Setting Aside || Kerala HC: Courts can't Insist on Identifying Unknown Parties in John Doe Suits || Supreme Court: Army Must Prove Disability Was Unrelated to Service to Deny Pension || SC: Grant of Fishing Rights by Deed is a Transfer of Immovable Property, Qualifies as Lease

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 :