Torn Currency Notes can be exchanged through any Bank.

Highlights: Sometimes you have torn currency notes and you unable to exchange it from the bank as they decline to do so. Don't worry about this. Bank can never deny to exchange the note. Here is all to know about.

Reserve Bank of India directed all banks to exchange torn currency notes as per RBI's guidelines. Bank have also to display about this service on Notice Board.

Here are the rules:

• Under Note Refund Rules-2018 of Reserve Bank of India, all banks will have to exchange the notes as per note's conditions.

• Exchange value of currency notes depend on it's condition and value.

• For currency notes having value more than Rs. 50, if you have 80 percent part of it, you will get full exchange value. If you have more than 40 percent part of it. the exchange value will be half of the currency note. For less than 40 percent part of it, exchange value will be Nil.

Source: Web