FACILITY FOR EXCHANGE OF NOTES AND COINS

Circular: RBI/2012-13/428
              DCM (NE) No. 3498 /08.07.18/2012-13

Dated: 28/1/2013

The facility of exchange of cut/mutilated/soiled banknotes and issue of good quality clean banknotes/coins, should be made available at all bank branches (including those of co-operative banks and RRBs).

In case a branch, for any reason, is not able to immediately adjudicate the cut/mutilated notes across the counter, it may accept and send such notes to the currency chest to which it is linked, for adjudication.

In any case ensure that the tenderer receives the exchange value as per the RBI Note (Refund) Rules, 2009, within a reasonable time, say a fortnight.

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

Regards

CA. Mona Singhal

Partner

Arpit Gupta & Associates

Chartered Accountants

701, Nirmal Tower,

26, Barakhamba Road,

Connaught Place, Delhi-110001

Mobile:- +91-9873082769 

Website: www.caaga.co.in