According to the new rules by the RBI, mutilated currency notes can be exchanged by the bank and no one can refuse to exchange. If you have tape pasted or mutilated notes and you are unable to use them, RBI has made rules to replace them. The torn notes are of no use and nor does anyone take them. The RBI ruling says that such notes can be exchanged by visiting any bank. The RBI also mentioned that no bank can refuse to exchange notes. According to central bank guidelines, if the bank refuses to
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