Rbi Tweaks Norms For Telephone Commutation Of Damaged Currency Notes

The populace tin telephone substitution banks mutilated or defective notes at RBI offices in addition to designated depository fiscal establishment branches across the province for either sum or one-half value, depending upon the status of the currency.
 The populace tin telephone substitution banks mutilated or defective notes at RBI  offices in addition to designated RBI tweaks norms for telephone substitution of damaged currency notes
The RBI Fri tweaked norms for telephone substitution of mutilated currency notes next introduction of Rs 2,000, Rs 200 in addition to other lower denomination currencies.
Post demonetisation inward Nov 2016, the Reserve Bank has introduced Rs 200 in addition to Rs 2,000 notes. Besides, it came out amongst smaller notes of Rs 10, Rs 20, Rs 50, Rs 100 in addition to Rs 500.
The populace tin telephone substitution banks mutilated or defective notes at RBI offices in addition to designated depository fiscal establishment branches across the province for either sum or one-half value, depending upon the status of the currency.
While making amendments to the Reserve Bank of Republic of Republic of India (Note Refund) Rules, 2009, the key depository fiscal establishment said it has been done to enable the populace to telephone substitution mutilated notes inward Mahatma Gandhi (New) series, which are smaller inward size compared to the before series.

These rules convey come upward into strength amongst immediate effect.

“We farther inform that at that spot is a alter inward the minimum expanse of the unmarried largest undivided slice of the banker's complaint required for payment of sum value for notes of rupees 50 in addition to inward a higher house denominations...,” the RBI said.
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