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RBI has new rules for refund of defective notes

Sep 09, 2018 17:48 IST

The Reserve Bank of India has announced new rules for exchange of defective 2000 and 200 rupees. Under these new rules, the undivided area of a single largest piece of damaged 2000 rupee note must be 88 sq cm for full refund and 44 square cm for half. For 200 rupee notes, the undivided area must be 78 sq cm for full refund and 39 square cm for half.

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