Fix Currency Paper For Free

While the old paper £5 and £10 bank notes are no longer legal tender, you can still pay with the paper versions of both the £20 and £50 notes until 30 September 2022.

How to Clean Paper Money Place your old paper money on the clean plastic surface. Pour the water in the container. Add a small amount of dish washing soap. Dip the sponge in the soapy water. Very softly wipe the note laterally, from the middle to the edges.

While the old paper £5 and £10 bank notes are no longer legal tender, you can still pay with the paper versions of both the £20 and £50 notes until 30 September 2022.

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. We will examine them to determine the value of your claim.

If you have damaged banknotes, you can submit a damaged banknote claim. The Reserve Bank will determine the value of the damaged banknotes as per the Damaged Banknotes Policy and reimburse you the assessed amount. Do not include any coins or foreign banknotes, as the Reserve Bank is unable to process them.

The Reserve Bank of India rule also states that if the currency notes are torn into several pieces, they can be used and even if any part of the torn note is missing, it can be replaced. Normal mutilated notes can be exchanged at any of the bank branch counters or any RBI office.

If you have tape pasted or mutilated notes and you are unable to use them, RBI has made rules to replace them. The torn notes are of no use and nor does anyone take them. The RBI ruling says that such notes can be exchanged by visiting any bank. The RBI also mentioned that no bank can refuse to exchange notes.

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.

The last day you'll be able to use them is 30 September 2022. After that date, they'll no longer be classed as legal tender. So, the Bank of England is trying to encourage people to either spend them or deposit them at their bank in advance.

Yes. You can exchange up to £300 of paper banknotes in any £5, £10, £20 and £50 denominations of the last series at participating branches within any two-year period.