Bank Refused Your ₹500 Note? RBI Rules You Must Know Now | RBI 2026 Rules on Torn ₹500 Notes
The Reserve Bank of India (RBI) has clear guidelines allowing citizens to exchange torn, soiled, mutilated, or old currency notes at banks. These rules apply to commonly circulated denominations, including ₹500 notes, provided they meet minimum identification conditions. Banks are authorized to accept eligible damaged notes under RBI’s Note Refund Rules, ensuring that citizens do … Read more
