RBI Rule On Rs 500: Big Update! RBI issued new guideline regarding Rs 500 note, check details immediately
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RBI rule on 500 rupees: If you have two notes of 500 rupees and both have the same serial number, then what will you do in such a situation. 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 have to see the guidelines of RBI. With this your problem will also go away and 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 keep coming out about the notes. If you also want to replace old or mutilated notes, now you can do this 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 printing years or different Governors of the Reserve Bank of India. – Be apart. To be able to An inset letter is a letter printed on the number panel of a bank note. Notes can also be without inset letter.
These are the methods of identifying fake notes
The Reserve Bank has told in its guideline for the identification of the new note of 500 that a few days ago a message was being claimed that the note of 500 rupees is fake, in which the green strip 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. Apart from this, RBI has also shared a PDF to help common citizens to know the difference between genuine and fake Rs 500 notes.
How to identify unusable notes
- 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 the notes become loose or loose by using the notes for a long time. Such notes become ineligible.
- Notes torn in the middle from the edge are ineligible.
- If the area of the ear of the dog in the note is more than 100 square millimetres, it will be disqualified.
- Notes that have holes 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 that note is worthless.
- 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 ineligible.
- If the color of the note changes, then in such a situation such note is considered ineligible.
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 have to worry at all. Now you can exchange such notes by visiting any branch of the bank. You can also lodge a complaint if a bank employee refuses to exchange your note. You have to keep in mind that the worse the condition of the note, the lesser will be its value.
keep these things in mind
According to the RBI, any mutilated note will be accepted only if a part of it is missing, or which consists of more than two pieces and pasted together, provided no essential part is missing. If certain parts of the currency note, such as the name of the issuing authority, guarantee and promise clause, signature, Ashoka Pillar, portrait of Mahatma Gandhi, watermark, etc. are also missing, your note will not be exchanged. Soiled notes which have become worthless 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 has to be remembered that these things will definitely be investigated by the institution that the damage done to your note is genuine and has not been broken intentionally.
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