Tue, Nov 20, 2018
The largest private lender HDFC Bank on its website mentions that, the bank accepts mutilated / soiled notes from customers / non customers for exchange. Process of acceptance of such notes has been defined as per RBI's note refund rules and circulated to all the branches for adherence.
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Mon, May 14, 2018
Rs 2,000 notes were issued soon after demonetisation of Rs 500 and Rs 1000 notes was announced on November 8, 2016. Rs 200 notes were launched in August, 2017. There are about Rs 6.70 lakh crore of Rs 2,000 notes in circulation and the Reserve Bank of India has stopped printing fresh ones, economic affairs secretary Subhash C Garg stated on April 17. Bankers say there have been a few cases of mutilated notes coming up in the new series but they added that this could become an issue if the concerned law is not amended soon.
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