What are the RBI rules for exchanging mutilated notes and how many notes can you exchange at one time? know

What are the RBI rules for exchanging mutilated notes and how many notes can you exchange at one time?  know

Generally, while buying vegetables in the market or purchasing any other thing, we usually come across mutilated notes. Many times the note gets cut or torn by mistake on our part. Sometimes there is a mistake and the note gets burnt. In such a situation, that note cannot be circulated in the market. In such a situation, you can get that note exchanged in RBI. According to the guidelines of Reserve Bank of India, no bank can refuse to exchange your notes. So let us know what are its rules.…

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