Important to know: If a torn old note has come out of the ATM, then definitely know this rule.

Many times mutilated and old notes come out from the ATM. In such situations, people become very worried. If your old torn note has come out from the ATM. In such a situation, you do not need to worry. Today we are going to tell you about a special rule of RBI. Under this rule, you can easily get your torn and old notes dispensed from the ATM replaced. The bank cannot refuse you to exchange the torn old note. The special thing is that you will not have to waste hours by going to the bank to exchange notes. You can easily exchange your notes in a few minutes. In this series, let us know in detail about this rule of RBI -

The ATM from which you have taken out the torn old note. You will have to take it to the bank to which the ATM is linked. After this, you have to go to that bank and write an application.

In this application, you will have to tell about the date, and time of withdrawal of money, how much money you have withdrawn, from which ATM you have withdrawn it, etc. Apart from this, you also have to attach a copy of the slip from the ATM with the application.

If you don't have the slip. In such a case, you will have to provide a copy of the transaction details. After giving all this information, the bank will immediately replace your mutilated and old notes.

Let us tell you that RBI keeps issuing circulars from time to time on mutilated and old notes. According to Reserve Bank of India rules, you can exchange only 20 notes at a time.

(PC: ISTOCK)