Exchange cut, soiled banknotes at all branches: RBI to banks
Quotes

Exchange cut, soiled banknotes at all branches: RBI to banks

Last Updated: Tuesday, March 05, 2013, 23:12
 
 Comment 0
 
Exchange cut, soiled banknotes at all branches: RBI to banks
Mumbai: The Reserve Bank Tuesday directed all banks to facilitate exchange of cut or mutilated bank notes with clean notes at all their branches.

"The facility of exchange of cut/mutilated banknotes, in addition to soiled notes and issue of good quality clean banknotes/coins, should be made available at all bank branches including those of co-operative banks and RRBs," RBI said in a notification.

However, if a bank branch is not able to immediately adjudicate cut or mutilated notes across the counter, it may accept and send such notes to the currency chest to which is it linked, and ensure that the tenderer receives the exchange value within a reasonable time.

This facility should be provided to all members of public without discrimination on all working days, RBI said.

PTI


First Published: Tuesday, March 05, 2013, 23:12


Comments


comments powered by Disqus
New York Auto Show
New York Auto Show
Top Businesswomen in India
Top Businesswomen in India
World`s top ten billionaires 2014
World`s top ten billionaires 2014
2014 Geneva International Motor Show
2014 Geneva International Motor Show
Geneva Auto Show 2014
Geneva Auto Show 2014

Web Wrap
Contact Us : Privacy Policy : Legal Disclaimer
Copyright © Zee Media Corporation Ltd. All rights reserved