SC: Clarificatory Statement Does Not Constitute a Binding Undertaking for Contempt Proceedings || Supreme Court: Litigant Cannot be Worse Off for Filing an Appeal under ‘No Reformatio in Peius’ || Orissa HC: Article 22(1) Arrest Rights Pre-Exist, Written Grounds Ruling Not Prospective || Kerala HC: Kissing a Child’s Penis Constitutes Penetrative Sexual Assault under POCSO || Madras HC: Married Daughter Cannot be Denied Compassionate Appointment Solely for Her Marriage || Bombay High Court: Child Welfare Prevails as ‘Joint Parenting’ is Not Recognised in Indian Law || Kerala HC: Minor’s Consent or Relationship with Accused Holds No Relevance under POCSO Act || Bombay HC: Failure to Prove Exact Quantum of Loss Does Not Bar Compensation || CCPA Fines Dial4Trade Rs. 10 Lakh for Online Ammonium Nitrate Listing Featuring Blast Images || Supreme Court: Multiple Cases Alone Cannot Justify an Externment Order

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 :