![]() ![]() ![]() “While writing on the currency notes is not illegal per se, any note with slogans and message of a political nature written across it is not considered as legal tender and such notes will not be accepted by the RBI," said Navin Chandani, chief business development officer, Bankbazaar.ĭoes this mean you can get a refund of the full value of the notes you turn in? That’s not true in all the cases. If the bank suspects that the notes have been intentionally cut up, it can refuse to replace them.Ĭurrency notes that are written on continue to be legal tender, and you can get a refund against these as well. However, you can be refused a refund if the currency notes you turn in are extremely brittle, badly burnt or stuck together in a way that they can’t be separated. In the unusual circumstance that you receive a note which is made up of two mismatched pieces stuck together, you can still get it exchanged. The second is mutilated notes, which refers to currency notes that have fallen apart or have been torn up, or those that have been put together using torn pieces. The first category is imperfect notes, including any bank note that has gone through the wash or exchanged so many hands that the print has become indecipherable. We tell you how and where you can exchange your damaged currency notes.Īccording to RBI guidelines, three broad categories of currency notes are eligible for exchange or refund. ![]()
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