How to replace your damaged currency notes?
Many times we are given bad notes during any transaction and we also take them in haste but later if no one takes these notes from us then we have to face difficulties. In such a situation, those notes are considered useless but do you know that you can easily change these mutilated and damaged notes because the central bank i.e. bank OF INDIA' target='_blank' title='reserve bank of india-Latest Updates, Photos, Videos are a click away, CLICK NOW'>reserve bank of india RBI has made special rules to replace these notes.
Note to be changed
According to the rules of RBI, if your note is torn to pieces, then the bank will replace it. Even if any part of the mutilated note is missing, it can be exchanged and can be converted.
How much money will you get in return?
How much money you will get in exchange for the note, depends on the condition of your note and the note value. In the case of a few mutilated notes, you get full money, but if the note is torn badly - then you will get a few % of the money back.
Rule of RBI
It is worth noting that according to the Exchange currency Note Rules of the year 2017 of the bank OF INDIA' target='_blank' title='reserve bank of india-Latest Updates, Photos, Videos are a click away, CLICK NOW'>reserve bank of india (RBI), if you get mutilated notes from ATMs, then you can easily exchange them. The special thing is that no government bank (PSBs) can refuse to exchange notes.