How do I get a new bank note?

You can contact the branch manager where you hold an account. You can also directly go to RBI for that some branches have teller machines in which you can insert the Currency Note and can get the coins as required.

Can we change denomination?

The old currency notes of Rs 500 and Rs 1000 can now only be exchanged at the offices of the Central banks. Get to know the timings of the bank and make sure you reach there ahead of time to avoid long queues.

Can you exchange old notes 2020?

If you want to exchange up to Rs 4,000 in cash, you can simply go to any bank with a valid ID proof. This limit of Rs 4,000 for exchanging old notes will be reviewed after 15 days. The representative will be required to produce an authority letter, along with his valid ID proof while exchanging old notes.

Where can I exchange my burnt money?

If it is damaged but not mutilated and you do not want to use that currency for any reason, you can exchange that money at your local bank. Money that has been mutilated or extensively damaged beyond repair or use should be submitted to the US Bureau of Engraving and Printing or the US Mint.

How do you change old currency?

Exchanging old notes You need not visit the branch of the bank where you have an account in. If you want to exchange up to Rs 4,000 in cash, you can simply go to any bank with a valid ID proof. This limit of Rs 4,000 for exchanging old notes will be reviewed after 15 days.

Do banks accept burnt notes?

Notes which have become excessively soiled, brittle or are burnt and, therefore, cannot withstand normal handling can be exchanged only at Issue Office of the RBI.

How can I change my damaged currency note in India?

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.