Cut Currency Release For Free

These can also be exchanged at the counters of any public sector bank branch, any currency chest branch of a private sector bank or any Issue Office of the RBI without filling any form. To suit public convenience, the exchange facility for mutilated notes is also offered through TLR(Triple Lock Receptacle) covers.

These can also be exchanged at the counters of any public sector bank branch, any currency chest branch of a private sector bank or any Issue Office of the RBI without filling any form. To suit public convenience, the exchange facility for mutilated notes is also offered through TLR(Triple Lock Receptacle) covers.

As per the latest RBI guidelines, anybody who has mutilated notes can exchange them from the nearest central bank regional office. Anybody who has mutilated currency notes can visit the central bank regional office and deposit the notes.

Criteria for Exchange of Damaged Banknotes The Bank replaces damaged banknotes, including those torn or burnt, with new banknotes, ing to the proportion of the part of the original banknote remaining, provided that both front and reverse sides of the banknote are maintained.

Deliberately cut notes The notes, which are found to be deliberately cut or tampered with, if presented for payment of exchange value should be rejected under Rule 5(2)(ii) of the RBI (Note Refund) Rules.

Mutilated notes may be presented at any of the bank branches. The notes so presented shall be accepted, exchanged and adjudicated in ance with Reserve Bank of India (Note Refund) Rules, 2009.

For consumers: If you have damaged or mutilated currency, or need currency replaced, contact the Bureau of Engraving and Printing. If you have currency you suspect is counterfeit, contact your local Secret Service Field Office.

Mutilated notes may be presented at any of the bank branches. The notes so presented shall be accepted, exchanged and adjudicated in ance with Reserve Bank of India (Note Refund) Rules, 2009.

When the Treasury issues a note, the government guarantees its worth whether it has been scorched, shredded or digested. As long as the workers can identify the serial number and ensure people aren't sending in counterfeits, the government will reimburse the value of the disfigured paper.

They are often sold as souvenirs by issuers. After cutting, usually the banknotes can be used as legal tender; however, the cost to purchase uncut currency sheets is typically higher than the aggregate face value of the cut notes.