Tampered Notes from ATM: According to a rule of RBI, you can easily exchange the mutilated notes from ATM with any bank.
How to Exchange Tampered Notes: It often happens that withdraw money from ATM and they get mutilated. If this has happened to you as well, then today we are telling you a working rule, through which you can easily exchange the mutilated note with the bank. However, the bank cannot refuse to accept mutilated notes from ATMs. This rule has been issued by the Reserve Bank of India for the customers.
What does the rule say?
The rules of Reserve Bank of India say that if you ever get mutilated notes from the ATM, then you can easily change it from the bank. The bank does not have the right of refusal. If you think that this work will take a lot of delay, then let us tell you that there is no need to worry about this. The process of changing notes from the bank does not take any long time, this work can be done in a few minutes.
Also Read: FD Interest Rate: Big News! Before investing in fixed deposits, see the interest rate of these banks, you will get the strongest interest,check details immediately
How to change note?
For this, you have to go to the bank from whose ATM you have withdrawn money. By going there you have to write an application. In this, you will have to mention the date, time of withdrawal, from where the money has been withdrawn, its name. The ATM slip has to be shown along with the application and if the slip is not taken then the SMS will have to be shown on the phone, in which the debit information has been given.
Let us inform that in April 2017, the Reserve Bank of India had clarified in one of its guidelines that the bank cannot refuse to exchange mutilated notes. This is an order to all the banks that they will exchange mutilated notes of people in every branch.
Also Raed: OPPO Reno7 series smartphone release date revealed, this phone with fast charging and good camera will cost so much,check details immediately
Refusal will attract fine
In July 2016, the Reserve Bank had said in a circular that if banks refused to exchange bad notes, they would be fined Rs 10,000. This rule of RBI will be implemented on all branches of all banks.
It is the responsibility of the banks to check the notes
The rules of RBI say that only the bank is responsible for the bad and fake notes coming out of ATMs. It is not even the responsibility of the agency that puts money in the ATM. If there is any defect in the note, then it should be investigated by the bank employee itself.
