I have some torn money and I'm not sure how to exchange it. I've heard that banks might be able to help, but I'm not sure about the process. Can someone tell me the steps I need to take to exchange my torn money?
6 answers
CryptoNinja
Wed Nov 06 2024
Notes that have suffered significant wear and tear, such as excessive soiling or brittleness, are no longer suitable for normal circulation.
CherryBlossomDancing
Wed Nov 06 2024
Additionally, notes that have been burnt are also deemed unsuitable for further use.
StormGalaxy
Wed Nov 06 2024
These damaged notes can only be exchanged at the Issue Office of the Reserve Bank of India (RBI).
ethan_thompson_journalist
Wed Nov 06 2024
Individuals possessing such notes must contact the Officer-in-charge of the Claims Section at the Issue Department of the RBI.
Valentina
Tue Nov 05 2024
The Claims Section is responsible for handling the exchange of damaged notes.