SC: Subsidy Taxability Depends on its Purpose under The Income Tax Law  ||  MP HC:Revenue Authority’s Decision Can’t Operate as Res Judicata in Absence of Express Statutory Bar  ||  SC: Breakup Followed by Suicide does not Automatically Amount to Abetment to Suicide  ||  SC: Election Petition under Representation of the People Act Must be Filed Personally by Petitioner  ||  Patna HC: Template Arrest Memo cannot Satisfy Mandate under Article 22 of Constitution  ||  MP HC: Delayed Cruelty FIR not Counterblast When Wife “Remains Silent” to Save her Married Life  ||  MP HC:Revenue Authority’s Decision Can’t Operate as Res Judicata in Absence of Express Statutory Bar  ||  Patna HC: Signature Mismatch alone cannot Prove OMR Tampering  ||  J&K&L HC: Bail can be Set Aside if Contrary to Statutory Mandate  ||  Kerala HC: Headmistress’s Churidar cannot Bar Entry, Clothing Choice is A Fundamental Right    

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