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Criteria for Exchange of Damaged Banknotes The Bank replaces damaged banknotes, including those torn or burnt, with new banknotes, ing to the proportion of the part of the original banknote remaining, provided that both front and reverse sides of the banknote are maintained.

If you have a mutilated currency and are afraid about its usability, then there is a good news for you. As per the latest RBI guidelines, anybody who has mutilated notes can exchange them from the nearest central bank regional office.

ing to the rules of the Reserve Bank, a person can get a maximum of 20 notes exchanged at a time. Also, the total value of these notes should not exceed Rs 5000. However, badly burnt, mutilated notes cannot be exchanged. Such notes can be deposited in the Issue Office of the Reserve Bank only.

For consumers: If you have damaged or mutilated currency, or need currency replaced, contact the Bureau of Engraving and Printing. If you have currency you suspect is counterfeit, contact your local Secret Service Field Office.

These can also be exchanged at the counters of any public sector bank branch, any currency chest branch of a private sector bank or any Issue Office of the RBI without filling any form. To suit public convenience, the exchange facility for mutilated notes is also offered through TLR(Triple Lock Receptacle) covers.

Under regulations issued by the Department of the Treasury, mutilated United States currency may be exchanged at face value if: More than 50% of a note identifiable as United States currency is present.

A mutilated note is a note of which a portion is missing or which is composed of more than two pieces. Mutilated notes may be presented at any of the bank branches. The notes so presented shall be accepted, exchanged and adjudicated in ance with Reserve Bank of India (Note Refund) Rules, 2009.

Mutilated bank notes show signs of excessive damage from fire or water, missing pieces, or other forms of deterioration. These bank notes are likely too damaged or brittle to be used for payment, so you can send them to us for redemption.