You can stroll into any bank office, regardless of whether you are not a client of that bank, to get your damage notes traded.
What do you do with that damage Cash note the cabbie or the market proprietor slipped you with your change? Palm it off to the following clueless individual you pay in real Cash, or let it mope in your wallet for a considerable length of time? A superior alternative is going to a bank and get it traded.
An entire arrangement of new cash notes has come into dissemination since demonetization, including the new categories of ₹ 200 and ₹ 2,000 notes. Notwithstanding, up to this point, there was no lucidity on guidelines for trading the new sections of ₹ 200 and ₹ 2,000 notes.
Cash notes you can exchange
As per RBI rules, three general classifications of Cash notes are qualified for exchange or discount. The primary class is flawed notes, including any certified receipt that has experienced the wash or traded such a significant number of hands that the print has gotten garbled.
The second is ruined notes, which alludes to Cash noticed that have self-destructed or have been destroyed, or those that have been assembled utilizing torn pieces.
The third class is on bungled notes. In the bizarre condition that you get a note which is comprised of two confused pieces remained together, you can, in any case, get it traded.
Be that as it may, you can be rejected a discount if the cash notes you turn in are very weak, seriously copied or remained together such that they can't be isolated. On the off chance that the bank presumes that the notes have been deliberately cut up, it can decline to supplant them.
cash takes note of that are composed on keep on being legitimate delicate, and you can get a discount against these also.
What amount is the discount?
Does this mean you can get a discount on the full estimation of the notes you turn in? That is not valid in all the cases.
If there should be an occurrence of disfigured notes, you will get a full discount in particular if the territory of the single biggest unified bit of the cash note is more prominent than 80% of the all-out region of a whole note. In the event that the biggest part is bigger than 40% of the zone, yet under 80%, you will just get a large portion of the estimation of the note. On the off chance that the biggest part is littler than 40% of the territory, you won't get a discount by any means.
The guidelines are marginally unique for jumbled notes where bits of two distinct notes are stayed together. In such cases, the estimation of the bigger part will be mulled over. For jumbled notes of ₹ at least 50, the two pieces might be treated as two separate notes, and the discount you get will rely upon the estimations of the individual pieces.
Where would you be able to get the discount from?
You can stroll into any bank office, regardless of whether you are not a client of that bank, to get your harmed notes traded. You can likewise move toward RBI legitimately through one of its territorial workplaces to look for a discount.
In any case, on the off chance that you are hoping to trade in excess of 20 notes, or notes worth ₹ at least 5,000, and the bank can't give you a discount promptly, the teller can acknowledge them against a receipt, and credit the incentive to you inside 30 days. They can likewise demand a help charge on the trade right now.