WebRBI has issued latest circular on 01 July 2024 on exchanges of soiled and mutilated notes.IMPERFECT NOTEThe value of an imperfect note may be paid for full v... WebOct 26, 2024 · Notes that are received back from circulation are examined, after which those fit for circulation are reissued, while the soiled and mutilated notes are destroyed. Two of India’s currency note printing presses (in Nasik and Dewas) are owned by the Government of India; two others (in Mysore and Salboni) are owned by the RBI through its wholly owned …
Reserve Bank of India
WebDec 10, 2024 · As per RBI (Note Refund) Rules, 2009, which was amended in 2024, no bank can decline to exchange the damaged, mutilated, taped or torn banknotes. So any damaged genuine currency note, be it soiled ... WebMar 28, 2011 · Can soiled and mutilated banknotes be exchanged for value? Yes. Such banknotes can be exchanged for value. Where are soiled/mutilated banknotes accepted for exchange? All banks are authorized to accept soiled banknotes for full value. They are expected to extend the facility of exchange of soiled notes even to non-customers. gillian firth
RBI Master Direction – Facility for Exchange of Notes and Coins
WebA genuine currency note that has become worn out, badly soiled, disfigured with writing, sustained minor damage while in circulation or willfully mutilated, altered or defaced, can be considered as unfit note. There are three kinds of unfit notes: - Unserviceable notes, Damaged/Mutilated Notes and Willfully Mutilated, Altered or Defaced notes. WebThe soiled notes must be accepted over bank counters for the payment of government dues and for the public accounts maintained with banks. These notes shouldn’t be re-issued for public usage. These notes should be deposited to the RBI offices in the currency chests for onward transmission and other remittances. Mutilated Notes ... WebApr 30, 2024 · The Reserve Bank of India offers various options to customers to exchange soiled, torn or mutilated currency notes. Published: April 30, 2024 5:03 PM IST . By India.com Business Desk. fu berlin wassersport