NCLT: Suspended Directors Who are Prospective Resolution Applicants Cann’t Access Valuation Reports  ||  Supreme Court Clarifies Test For Granting Bail to Accused Added at Trial under Section 319 CrPC  ||  SC: Fresh Notification For Vijayawada ACB Police Station not Required After AP Bifurcation  ||  SC: Studying in a Government Institute Does Not Create an Automatic Right to a Government Job  ||  NCLT Mumbai: CIRP Claims Cannot Invoke the 12-Year Limitation Period For Enforcing Mortgage Rights  ||  NCLAT: Misnaming Guarantor as 'Director' in SARFAESI Notice Doesn't Void Guarantee Invocation  ||  Jharkhand HC: Mere Breach of Compromise Terms by an Accused Does Not Justify Bail Cancellation  ||  Cal HC: Banks Cannot Freeze a Company's Accounts Solely Due To ROC Labeling a 'Management Dispute'  ||  Rajasthan HC: Father’s Rape of His Daughter Transcends Ordinary Crime; Victim’s Testimony Suffices  ||  Delhi HC: Judge Who Reserved Judgment Must Deliver Verdict Despite Transfer; Successor Can't Rehear    

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