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RBI Notifies That Banks Should Accept Soiled Banknotes

RBI Notifies That Banks Should Accept Soiled Banknotes

Submitted by • May 3, 2017 www.mintageworld.com

As per an official notification released by the RBI on 25th April 2017, bank branches around the country cannot stop accepting banknotes which are scribbled, coloured or faded. Members of the general public had complained to RBI that bank branches were refusing to accept slightly damaged notes, particularly the newly introduced INR 500 and INR 2000 notes

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