Can You Exchange Torn Notes at Any Bank? | RBI Rules Explained in Simple Terms

Описание: In this video, we explain everything you need to know about exchanging torn or damaged currency notes in India according to RBI rules for mutilated notes. If you're holding a torn ₹500 note, damaged ₹100 note, or even a partially destroyed currency note, this guide will help you understand your rights and what banks are required to do.

💬 Key Highlights:

“Take this, give me the fifth torn note.”

“You don’t even have an account in our bank!”

“As per RBI torn note exchange guidelines, you get full value if 80% of the note is intact.”

“You can go to any bank, even without an account.”

We’ll cover the full process of torn note exchange in India, when you get full or half value, and how to deal with banks that refuse to accept damaged currency. According to the Reserve Bank of India currency rules, you can get up to ₹20,000 exchanged in a day, no matter where your account is.

✅ Learn the latest RBI currency exchange rules, what qualifies as a mutilated or defective note, and how to avoid losing money due to misinformation.

💬 Comment Have you ever tried exchanging a damaged note? Did the bank accept it? Drop your experience in the comments below! 👇

Topic Covered :

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RBI money exchange rules

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