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What is Banking Awareness Current Affairs 2018 about?

The Reserve Bank of India (Note Refund) Amendment Rules, 2018 were notified on September 6th, 2018. The amended rules direct all bank branches to exchange mutilated/defective notes of various denominations in the Mahatma Gandhi (New) series that are smaller in size compared to the earlier series. The changes allow for refund of mutilated notes of less than Rs. 50 based on undivided area, and refund of half or full value for notes greater than Rs. 50 based on undivided area of the single largest piece. The P

Author

Sanjay Jagarwal

Language

EN