500 rupee notes new rule of RBI

New Jobs India

The Reserve Bank of India (RBI) has issued new guidelines regarding the Rs 500 note. If you also have a 500 rupee note or you have kept some 500 rupee notes at home, then this news is for you. After Demonetisation across the country, many types of news are coming out regarding the notes of 500 and 2000 rupees. Now know the new guidelines issued by the Reserve Bank.

500 rupee notes new rule of RBI

Notes of 100, 200, 500 and 2000 rupees are issued by the Reserve Bank. It often happens that when we go to withdraw money from the ATM, many times we get torn notes. In such a situation, people are worried that this note will not go anywhere, but now you can easily change this type of note. For this you can contact your nearest branch. There you can exchange notes and coins. If two notes have the same serial number, will they be considered valid?

In this regard, the Reserve Bank says that two or more bank notes can have the same serial number, but either with different inset letters or different years of printing or different Reserve Bank of India. Governor. An inset letter is a letter printed on the number panel of a banknote. A note may be without any inset letter.

New guidelines

According to the new rules of RBI, if you also have old or torn notes of 500 rupees, then you do not have to worry. Now you can get such notes exchanged by visiting any bank branch. You can also lodge a complaint if a bank employee refuses to exchange your note. You have to keep in mind that the worse the condition of the note, the lower its value.

How to identify bad note

- If the notes are very dirty and have a lot of soil in them then they are considered unfit.
- Many times the notes become loose or loose due to the use of notes for a long time. Such notes become invalid.
- Notes torn from edge to center are disqualified.
- If the area of the ears of the dog made in the note is more than 100 square millimeters, then it will be considered invalid.
- Notes which have holes more than 8 square millimeters are considered unfit notes.
- Any graphic change in the note is considered as invalid note.
- If there is pen ink on the note, then it is an invalid note.
- If the color of the note fades, then it is an unfit note.
- If there are things like tape, glue on the note, then such note is considered invalid.
- If the color of the note changes, then in such a situation such note is considered invalid.

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What is RBI order

According to the rules of the Reserve Bank, if you also have old or torn notes of 500 rupees, then now you do not have to worry at all. You can change it by visiting any branch. If any bank refuses to change it, you can complain about it.

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