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If the 2000 rupee note is ripped, how much will the banks give in return? Learn Terms here

According to the information available on the official website of the Reserve Bank of India, the amount of 2000 rupees note will be 88 square centimeters (CM), while the value of 44 square CM will be half.






The Reserve Bank of India (RBI) has laid down rules on refunds of torn notes. Based on these rules of the central bank, banks issue refunds in lieu of torn notes to customers. Torn notes can be exchanged at the bank.

People often have many types of questions regarding torn notes, one of which is that how much refund will be issued by the banks if a rupee of Rs 2,000 rupees is lost? According to the rules, how much refund will be given depends on how torn your note is.

According to the information available on the official website of the Reserve Bank of India, the amount of 2000 rupees note will be 88 square centimeters (CM), while the value of 44 square CM will be half.

With this, the bank is not obliged to exchange all types of notes. Even if a note has been completely destroyed or burnt, banks may refuse to change the note. If the note is not fake it can be changed. It is also to be noted that banks cannot charge you any fee for exchange of notes. This service is provided free of cost by the bank.

Explain that the banks have given clear instructions to the banks not to accept any value of such value, which the customer has intentionally torn. When the bank workers look at the notes carefully, they come to know that the note is torn or accidentally.

 

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