Such notes will not accept the acceptance and exchange-whatever the value will be - Business World

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Wednesday, 16 May 2018

Such notes will not accept the acceptance and exchange-whatever the value will be

Such notes will not accept the acceptance and exchange-whatever the value will be

Many times we get into trouble with the currency notes when they are cracked or mutilated, and we turn them into banks.


Know about currency Exchange in banks, useful info for you
New Delhi: We all need cash, and in a country like India where cash is more work, currency notes are a very important part of our lives. Although we sometimes come in trouble with the currency notes when they are cut-off or mutilated, and we turn them into banks. Many times the banks refuse to accept them and you do not know why the bank refused to take them?

Today we tell you which are some notes which can refuse to take the bank. With this information, you can tell the banks that you have the information about which banks take the bank and which notes do not take the bank.

In fact, the RBI issued a notification last July 3 last year and issued the exchange rules and exchange rules for them. Through them, you can know which are the notes which refuse to take the bank and which are the notes which banks can change.

1. Delicate, burnt, sticking notes- Such notes which are in extremely delicate condition, ie , have been melted, are burned, stuck in each other and can not be separated, such notes are not exchanged in the bank branch. can go.

2. Political slogan notes: According to the RBI's notification, you can not exchange such notes with any political slogan written or political message written on any branch of the bank. Regardless of the value notes, if they have written political slogans or messages, they are useless for the bank and the RBI has also said that such notes will not be legal tenders.


3. Intentionally disconnected notes - According to the RBI's notification, the bank who does not accept such notes which are intentionally bitten is not accepted by the bank. Although knowingly cut notes are difficult to identify but bank employees recognize them. So if you deliberately turn the torn notes into the bank, you will feel frustrated. In most cases, this happens when children tear their notes and can be difficult in front of you.

However, you have the option that if your notes have been shuffled or torn or painted on it, they note that the banks are exchanged. The bank can not even refuse to take notes written on the same. The RBI has given clear instructions that banks will have to take notes written, though it will be good in the country that you do not write on any note. Many banks also refuse to take notes written by banks.

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