SC: CIRP Need Not Be Set Aside Solely for Fraudulent Filing of Section 9 Plea || Supreme Court: Compromise Decree Passed Without Impleading Necessary Party is Void || SC: Cheque Dishonour Notice Valid if Sent to Drawer’s Address and Received by Family || J&K&L HC: Minority During Attestation Cannot Justify Decades-Long Delay in Challenging Mutation || Bombay HC: WhatsApp Circulation of Objectionable Photos Can Attract SC/ST Act || J&K&L HC: Cardiac Arrest From Stress of Long-Distance Driving is Compensable || Delhi HC: Accused Cannot Delay Trial and Then Rely on Delay to Seek Bail || Calcutta HC: Insurer Must Compensate Child’s Accidental Death Despite Driver’s Fake Licence || Bombay HC Tells X to Take Down Defamatory Post Targeting Serum Institute, CEO Adar Poonawalla || Delhi High Court Restores Arbitral Award in DMRC’s Favour Passed by Employee-Arbitrator

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 :