If you also have dirty, mutilated notes, then you do not need to worry about it. Because you can get it changed by going to the bank or RBI office. Reserve Bank of India has also made rules for changing notes. Let us know about it in detail.
No one wants to receive mutilated notes, be it a shopkeeper or a customer. Everyone bickers about the torn notes. If you accidentally find a torn note in a bundle of notes, you would also feel very angry.
But when mutilated notes (RBI Rules for Mutilated Notes) come out of the ATM machine, what will you do with them? What should you do if you have rotten, dirty or torn notes? Let us know what the RBI rules say about this.
No tension
If you also have dirty, mutilated notes, then you do not need to worry about it. Because you can get it changed by going to bank or RBI office. The Reserve Bank of India has also made rules for changing notes. In which the length and width of the notes are kept in mind. On the basis of which the refund amount is decided.
Bank cannot refuse
Whenever you go to a bank to exchange notes, no bank can refuse you. It is not necessary to have a bank account to exchange notes. Notes can be exchanged on any working day. However, the amount of refund will depend on the condition of the note available with you. How mutilated or sore he is. How much of the note is correct?
What does RBI say?
RBI has made rules for exchanging notes. The value of the note depends on its quality. If the note is badly damaged, it is possible that you may not get anything. If notes worth Rs 50 or less are damaged by fifty percent or less, you can get a full refund. If there is more than fifty percent defect then it is also possible that you may not get anything.
RBI’s decision for Rs 2000 note
Information about Rs 2000 note has been given on the official website of RBI. According to which Rs 2000 note is 16.6 cm long and 6.6 cm wide. Its area is 109.56 square centimeters. If the Rs 2000 note available with you is also 88 square centimeters, then it will be considered complete. If it remains 44 square centimeters then you get half the refund.
Rules for Rs 500 note
According to RBI, Rs 500 note is 15 cm, 6.6 cm wide. Whose total area is 99 square centimeters. If the Rs 500 note available with you is also of 80 square centimetres, then you will get the full money. Even in case of 40 square centimetres, you will be entitled to half the refund.
