Supreme Court: Brief Service Breaks Do Not Bar Ad Hoc Employees From Regularisation  ||  SC: Arbitral Awards May Be Challenged By Legal Representatives Only U/S 34, Not Via Article 227  ||  SC Stressed Caution in Uniformed Service Appointments and Restored Dismissal of an Unfit Constable  ||  Supreme Court: Higher Qualifications Cannot Replace the Required Minimum Experience Criteria  ||  Delhi High Court: Bank's Guard Post Involves Handling Arms, Strict Background Disclosure is Essential  ||  Delhi High Court: CARA Must Obtain Foreign Clearances Before Issuing NOC For Inter-Country Adoption  ||  Punjab & Haryana HC: Grounds of Arrest Need Not Be Reissued For a Second Arrest in the Same FIR  ||  Chhattisgarh HC: Valid Caste Certificate Required To Prove SC/ST Act Offences; Oral Claim Not Enough  ||  Supreme Court Directs Preventive Detention to Curb Illegal Mining in Chambal Sanctuary  ||  SC: Courts Must Frame Points For Determination and Give Reasoned Judgments in Ex Parte Cases    

RBI publicises exchange of notes and coins- (Reserve Bank of India) (18 Jul 2016)

MANU/RDCM/0007/2016

Banking

The Reserve Bank of India issued a master circular reiterating facilities for exchange of notes and coins, and broadening the use of currency not in the most pristine condition.

It states specifically that all bank branches should ‘actively and vigourously’ provide services to exchange soiled notes and issue fresh notes of all denominations to the public, instead of asking them to approach the RBI Regional Office. Banks have been asked to provide the services ‘without discrimination’ and on all working days.

Among other user-friendly measures, ‘taped notes’ have been brought within the ambit of ‘soiled notes’. If such notes comprise two piece note pasted together, with the pieces belonging to the same note and no essential features missing, they will be accepted over bank counters in payment of government dues and credit to account.

Relevant : Exchange of Soiled/ Mutilated/ Imperfect Notes MANU/RDCM/0006/2016 Acceptance of Small Denomination Notes and Coins MANU/RDCM/0004/2007 Detection and Impounding of Counterfeit Notes MANU/RDCM/0008/2016

Tags : SOILED   MUTILATED   CURRENCY   EXCHANGE  

Share :        

Disclaimer | Copyright 2026 - All Rights Reserved