💥Since when the 500 note is cancelled? Find out what RBI has instruct💥

Since when the 500 note is cancelled? Find out what RBI has instruct
Cash is a problem these days. Especially if you have to go to the store with the notes to settle the price of something. Not to mention the poor condition of 10, 20, 50, 100 and even 500 rupee notes.
As a result, those bad notes are often shopkeepers orCash is a problem these days. Especially if you have to go to the store with the notes to settle the price of something. Not to mention the poor condition of 10, 20, 50, 100 and even 500 rupee notes.

As a result, many times the shopkeepers or buyers do not want to take those bad notes. And there is a problem with that. The notes are being torn on him. But don't worry. In such a situation, the Reserve Bank has given an important update on the Rs 500 note.A month ago the swing went. Every year after the swing, it is seen that the color of the notes in the pocket gets stuck and it is not able to be used in the market. What to do if you have such a note? Because RBI rules say that a note cannot be traded if its graphics, color or design is altered or altered.

Due to the way the shopkeepers reject the colored notes, many people think that they have become illegal or that the colored notes are actually illegal. So the shopkeepers probably don't want to take it.In this case, first of all, know one thing, adding color to the note does not mean that it becomes invalid or useless. Rather, the shopkeepers are doing wrong by not wanting to take that note from you. If the note is not distorted by the application of colour, it shall remain valid.

RBI rules say that the security marks on a note in color are perfectly valid as long as it is not defaced (i.e. the graphics are changed). That is, the color of the note means that it cannot be traded at all
Not so.
But even then, if it is difficult to sell colored notes in the market, go directly to a nearby bank branch and change the note. Even if you don't have an account with that bank, the bank authorities are bound by law to exchange the note and give you the equivalent amount.
ADVERTISEMENTHowever, not only colored notes, but also various problems with torn notes are seen at different times. Sometimes it is seen that a part of the note is torn, and in some cases the note splits in two.
ADVERTISEMENTHowever, not only colored notes, but also various problems with torn notes are seen at different times. Sometimes it is seen that a part of the note is torn, and in some cases the note splits in two. Also see what to do in such a situation
ADVERTISEMENTThe bank gives money with torn notes? If you have a torn note, go straight to the bank branch and get the full amount. In this case, keep in mind that if the note is in whole or part of it, then you will get the full amount. And if half of the note is left, then you will get half of the money. That is, if you take half of a valid 500 rupee note and deposit it in the bank, you will get only 250 rupees