How Much Will You Get For A Torn 2000 Note?

By | February 4, 2021

How Much Will You Get For A Torn 2000 Note?

How Much Will You Get For A Torn 2000 Note?

Sometimes the customer does not pay much attention to the note while taking it in a hurry and the note gets torn. After a while he regrets a lot but today we are telling you the matter, where and how you can change this torn note and how much money the bank will return to you in return.

The Reserve Bank of India (RBI) has made several important changes in the Rules, 2009 in exchange for torn notes. According to the rules, people can exchange distorted or defective notes at RBI offices and designated bank branches across the country, depending on the status of the torn notes. You do not need to worry if you have a torn note.

You can also replace your torn note in this way.

Change your torn note here

You can exchange a torn note by going to any bank branch near you. But this facility is not available in all banks. Sometimes a bank employee may even tell you not to change notes. The Reserve Bank of India (RBI) has issued a clear order to all banks to “exchange torn notes”. At the same time, they will have to put up a board about this facility of their branch.

This is the amount of money you will get in exchange for a torn note of 2000

According to RBI rules, how much the note is torn depends on the condition. According to current information on the RBI’s official website, a Rs 2,000 note will get the full amount if it is 88 square centimeters and half if it is 44 square centimeters.

The bank does not charge any fees

The bank does not charge you any fees for exchanging torn notes. This service is being provided free of cost by the bank. However, the bank will immediately refuse to exchange notes that are, in a very bad way and in a completely burnt condition. If the bank suspects that the note has been deliberately torn, the bank will not exchange it.

How much will the refund be?

To recover old torn Rs 50, Rs 100 and Rs 500 notes in the same amount, it will be necessary that your note be divided into 2 parts, one of which covers 40 per cent or more of the completed note.

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