Sad News Returning torn Rs 200, Rs 2,000 notes may get only half their value!

[Bapun]

While exchanging a damaged Rs 2,000 or Rs 200 note, you may get nothing or only half their value in refund depending on how badly the note is mutilated or soiled. The Reserve Bank of India has amended its guidelines on exchange of mutilated or torn currency notes which explain how much refund they will be eligible for depending on their state. The new rules will govern the terms of exchange for damaged Rs 200 and Rs 2,000 notes, as well as the Rs 10, Rs 20, Rs 50 and Rs 100 notes released under the new Mahatma Gandhi series.

Returning torn Rs 200, Rs 2,000 notes may get only half their value! Here's what new RBI rules say

 

[iDJ]

Good initiative by our government. After demonization and gst implementation. This is something our country desperately needed. I hope soon they start fining people for using cash instead of paytm.