Supreme Court: Ad Valorem Court Fees Apply to Appeals Seeking Statutory Land Acquisition Benefits || Supreme Court: Cruise Voyages Remain Shipping Business under Section 44B Despite Onboard Services || Supreme Court: People Abandon Cattle on Roads But Object to Their Use For Food || Supreme Court Stays CIC Decision Declaring NSE Subject to the RTI Act || SC: Wife May Be Denied Interim Maintenance if Husband Ex Facie Establishes Adultery || SC: Prior Testimony is Inadmissible without Section 299 CrPC Order against Absconder || Supreme Court: Administrative Action Can't Be Invalidated Solely for Lacking Formal Order || Calcutta High Court: Section 141 NI Act Does Not Apply to Sole Proprietorships || Orissa High Court Criticizes Magistrate for Defying Direction in Cheque Bounce Case || Delhi High Court Safeguards Yuvraj Singh's Personality Rights, Orders Deepfake Takedown

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 :