RBI: Apart from torn notes, burnt notes can also be exchanged, know RBI rules.

RBI: If your money is burnt, the damage to the economy is different, the difficulty of life increases. Burnt notes are essentially worthless, causing shoppers to turn them upside down and start to question where the money came from. But don't worry, government and RBI have made some new rules to help you, which will solve your problem of burnt notes, read full news. Here's what the RBI says: As per the rules laid down by the Reserve Bank of India (RBI), people can exchange their torn or burnt notes at the issuing office of the RBI or branches of public and private banks. Torn notes can be replaced without much trouble, while burnt notes can be replaced as long as they are not too damaged. If important details such as the number panel and Governor's signature are still visible on the burnt notes, they can be replaced. However, if the notes burn badly, their value will decrease. Also Read: Jobs: Even if you lose your job, your situation will be good, you have to invest such an amount from your salary, which, according to the RBI circular, is allowed to exchange notes worth more than 10 rupees. The circular states that a maximum of 20 notes can be exchanged at a time and the total value should not exceed Rs 5000. Fully burnt notes cannot be exchanged, partially burnt notes can be exchanged. If a bank refuses to exchange such notes, individuals have the option of filing a complaint with the Reserve Bank of India. Also Read: Credit Card: Credit card defaulters beware, The post RBI: Apart from torn notes, burnt notes can also be replaced, know RBI rules appeared first on Prabhat. Kabar.