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Do you want to exchange torn, imperfect or soiled currency notes? Here’s what you can do | India Business News – Times of India

Exchanging damaged currency notes: In India, individuals can easily exchange their worn-out, torn, or imperfect currency notes at any bank branch across the country. However, the process and rules vary depending on the quantity and condition of the notes being exchanged.Soiled notes The definition of a soiled note has been broadened to speed up exchanges.According to the Reserve Bank of India (RBI) website, a soiled note is one that has become dirty due to regular use. This includes notes that are in two pieces but belong to the same note and have no missing essential features. Such notes are accepted at bank counters for paying government dues and crediting public accounts, according to an ET report.Mutilated notes A mutilated note is one that is missing a part or is in more than two p...