RBI Rule On 500 Rupees: Big Update! RBI issued new guideline regarding Rs 500 note, check details immediately

[ad_1]

RBI rule on Rs 500: If you have two notes of Rs 500 and both have the same serial number, then what will you do? What does RBI not have about this.

Many times it happens that even while withdrawing money from the ATM, mutilated or old notes are found. In such a situation, people get worried. But you don’t need to worry. For this, you must see the guidelines of RBI. This will solve your problem and your problems will also go away.

Notes of 100, 200, 500 rupees are issued by the Reserve Bank of India, but after demonetisation across the country, many types of viral and fake news about the notes keep coming out. If you also want to exchange old or mutilated notes, now you can do so easily. For this you can contact your nearest branch. There you can exchange notes and coins. If two notes have the same serial number, will they be considered valid?

In this regard, the Reserve Bank says that it is possible that two or more bank notes may have the same serial number but either have different inset letters or different years of printing or the Reserve Bank of India have different governors. To be able to An inset letter is a letter printed on the number panel of a banknote. Notes can also be without inset letters.

These are the methods of identifying fake notes

The Reserve Bank has told in its guideline for the identification of the new 500 note that a few days ago a message was being claimed that the 500 rupee note is fake, in which the green stripe is not near the signature of the RBI governor. But of Gandhiji. near the picture. Describing it as fake, PIB tweeted that both types of notes are valid. Also, RBI has also shared a PDF to help common citizens find the difference between genuine vs fake Rs 500 notes.

How to identify unfit note

If the notes have become very dirty and have a lot of soil in them, then in such a situation they are considered unfit.
Many times due to the use of notes for a long time the notes become loose or loose. Such notes become unfit.
Notes torn in the middle from the edge are ineligible.
If the area of ​​the ear of the dog made in the note is more than 100 square millimeters, then it will be considered unfit.
Notes that have a hole larger than 8 square millimeters are considered unfit notes.
Any graphic change in the note is considered as unfit note.
If there is pen ink on the note, then it is an unfit note.
If the color of the note fades, then it is an unfit note.
If there are things like tape, glue on the note, then such note is considered unfit.
If the color of the note changes, then in such a situation such note is considered unfit.
Know what the rule of RBI says?

According to the new rules of the Reserve Bank, if you also have old or mutilated notes of 500 rupees, then you do not need to worry at all. Now you can get such notes exchanged by visiting any branch of the bank. You can also complain if a bank employee refuses to exchange your note. You have to keep in mind that the worse the condition of the note, the lower its value.

keep these things in mind

According to the RBI, any torn note will be accepted only if any part of it is missing or if it consists of more than two pieces and is pasted together, provided that no essential part of it is missing. If certain parts of the currency note like the name of the issuing authority, guarantee and promise clause, signature, Ashoka pillar, photograph of Mahatma Gandhi, watermark etc. are also missing then your note will not be exchanged. Soiled notes which have become unusable due to circulation in the market for a long time can also be exchanged.

Notes can be changed like this

Explain that if you have a lot of burnt notes, or notes stuck together, they can also be exchanged from the RBI office, but the bank will not take them, you will have to take them to the issue office of RBI. It is to be remembered that these points will be verified by the institution to be sure that the damage caused to your note is genuine and not willfully damaged.

rightsofemployees

[ad_2]

Source link