Supreme Court: Marking a Document as an Exhibit Does Not Prove its Contents || Supreme Court: Unpaid Consideration Alone Does Not Invalidate a Sale Deed || Bombay HC: Questioning Other Varsities' Degrees Could Cause 'Anarchy and Chaos' in Education System || Allahabad High Court: Regularization Claim Survives Employee’s Death Through Legal Heirs || Allahabad HC: Advocates Failing AIBE Within 2 Years of Provisional Enrolment Can’t Continue Practice || Bombay High Court Directs BCI to Scrutinise and Clear Pending Law College Affiliation Approvals || J&K HC: Circulating WhatsApp Message on Local COVID Cases Does Not Attract Section 505 IPC || Supreme Court: Non-Signatory Can Be Bound By an Agreement if Involved in Performing the Contract || Supreme Court: 'Washed-Off Theory' Inapplicable in Assessing Employee Retention Suitability || SC Directs States/UTs to Grant Ex-Servicemen Quota to Cadets Disabled 40% or More in Training

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 :