RBI to exchange soiled notes up to ₹5,000 for free

MUMBAI: RBI has asked banks to facilitate over the counter exchange of soiled and mutilated currency notes up to ₹5,000 for free. Beyond that, banks may accept the

MUMBAI: RBI has asked banks to facilitate over the counter exchange of soiled and mutilated currency notes up to ₹5,000 for free. Beyond that, banks may accept the notes against receipt, for value to be credited later, and may levy service charges as permitted by RBI, it said.

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