

RBI’s rule regarding mutilated notes
- RBI has made many important changes in the Note Refund Rules 2009 regarding mutilated notes. Under this, the damaged notes are replaced on the basis of the condition of the note. You can get it changed by visiting RBI offices or designated bank branches across the country.
- As per RBI rules, banks cannot levy any charge for an exchange of torn notes. Apart from this, every bank has also been asked to give information about this. On the other hand, if the bank suspects that the notes have been deliberately damaged, or they have been burnt, then they can refuse to exchange the notes.
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- According to the information given on the official website of the Reserve Bank of India, if you have 88 square centimeters (88 cm) of a 2000 rupee note, you will get full money, while on 44 square cm you will be given only half the money.
- Sometimes bad 2000 notes are dispensed from the bank’s ATM. In such a situation, so that it can be changed easily, the RBI has changed the rules of note refund for mutilated notes. Apart from this, if you get a bad note from the bank’s ATM, you can get the note changed completely from the bank by showing the complete receipt and transaction.
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