RBI Rules for Ruined Notes: Know a few significant standards of the national bank connected with old notes of Rs 100, 200 and 500.
Assuming you additionally have ruined old notes and you can’t utilize them anyplace, then don’t overreact in light of the fact that now you can get those old notes traded by going to the close by bank or RBI office. Hold Bank of India has likewise given a few guidelines for changing notes and you genuinely should know about those standards. Inform us in detail about this.
Nobody needs to get disfigured notes, be it a retailer or a client. Everybody quibbles about the torn notes. On the off chance that you coincidentally find a torn note in a heap of notes, you would likewise feel exceptionally irate. Be that as it may, when ravaged notes (RBI Rules for Ruined Notes) emerge from the ATM machine, how will you manage them? How would it be advisable for you to respond assuming that you have spoiled, messy or torn notes? Tell us what the RBI rules say regarding this.
remain pressure free
In the event that you additionally have filthy, disfigured notes, you don’t have to stress over it. Since you can get it changed by going to bank or RBI office. Hold Bank of India has additionally made rules for evolving notes. In which the length and width of the notes are remembered. based on which the amount of the refund is determined.
no bank will decline
Whenever you go to a bank to trade takes note of, no bank can deny you. It isn’t important to have a financial balance to trade notes. Notes can be traded on any functioning day. In any case, how much discount will rely upon the state of the note accessible with you. How disfigured or sore he is. What amount of the note is right?
What should occur, according to RBI The RBI has established guidelines for the exchange of notes. The note’s quality determines its value. Assuming the note is seriously harmed, it is conceivable that you may not get anything. In the event that notes worth Rs 50 or less are harmed by half or less, you can have a fair amount of money returned. In the event that there is in excess of 50% imperfection, it is additionally conceivable that you may not get anything.
RBI rules for Rs 2000 note
Data about Rs 2000 note has been given on the authority site of RBI. As per which Rs 2000 note is 16.6 cm long and 6.6 cm wide. Its region is 109.56 square centimeters. It will be deemed complete if the Rs. 2000 note you have is also 88 square centimeters. You will receive half of the refund if it continues to be 44 square centimeters.
Rules for Rs 500 note
As per RBI, Rs 500 note is 15 cm, 6.6 cm wide. Whose complete region is 99 square centimeters. In the event that the Rs 500 note accessible with you is likewise of 80 square centimeters then you will get the full cash. Indeed, even in the event of 40 square centimeters, you will be qualified for around 50% of the discount.