Explained: How to exchange damaged Rs 2000, Rs 500, Rs 200, Rs 100 notes in India
How to exchange damaged Rs 2000, Rs 500, Rs 200, Rs 100 notes: If you have a damaged note of any denominations including Rs 500 and Rs 2000, then it may be a cause of worry. However, to your relief, the RBI has allowed the exchange of new notes which have been damaged.
![Explained: How to exchange damaged Rs 2000, Rs 500, Rs 200, Rs 100 notes in India Explained: How to exchange damaged Rs 2000, Rs 500, Rs 200, Rs 100 notes in India](https://cdn.zeebiz.com/sites/default/files/styles/zeebiz_850x478/public/2018/12/14/64346-rupee-note-pti.jpg?itok=r8pbcaBK&c=4d942a74b30a9cd43bb1639dd6002b86)
How to exchange damaged Rs 2000, Rs 500, Rs 200, Rs 100 notes: Since November 2016 demonetisation move, the government has not only introduced new denomination notes like Rs 200 and Rs 2000 but also relaunched all the notes of existing denominations like Rs 10, Rs 50, and Rs 100. It was also rumoured that the Reserve Bank of India will launch revamped Rs 20 note.
The new notes are already available in the market. It is quite possible that you may have received a damaged note or you may have damaged it by mistake. And if the note is of Rs 500 or Rs 2000 denominations, then it may be a cause of worry. However, to your relief, the RBI has allowed the exchange of new notes which have been damaged. Check how much you can get in exchange of new Mahatma Gandhi series currency notes of these denominations:
Rs 10: The new Rs 10 note has an area of 77.49 square centimetre. To get the full value refund, you must return the note with a minimum intact area of 39 square centimetre.
Rs 50: Area of the new Rs 50 note is 89.10 square centimetre. The minimum area required to get the full payment is 72 sq cm. If you return the note with the area of 36 sq cm, the bank will return only half the amount. You will get no refund if the area is less than 36 sq cm.
Rs 100: The new Rs 100 note comes with an area of 93.72 sq cm. The minimum area required for full payment is 75 sq cm and for the half-value payment is 38 sq cm.
Rs 500: The new Rs 500 note with an area of 99 sq cm was introduced after note ban. If you have a damaged Rs 500 note, the minimum area required for the full refund is 80 sq cm and for half payment is 40 sq cm.
Watch This Zee Business Tweet Video
#10KiKamaai | आज #FMCG सेक्टर के किस शेयर में दिखा मार्केट एक्सपर्ट राकेश बंसल और कुणाल सरावगी को पैसा बनाने का दम।@AnilSinghviZEE @deepaliranaa @kunalsaraogi @iamrakeshbansal pic.twitter.com/26jWYxXecS
— Zee Business (@ZeeBusiness) December 14, 2018
Rs 2000: The area of the new Rs 2000 note is 109.56 sq cm. The minimum area needed for full payment is 88 sq cm and for half-value payment is 44 sq cm.
Get Latest Business News, Stock Market Updates and Videos; Check your tax outgo through Income Tax Calculator and save money through our Personal Finance coverage. Check Business Breaking News Live on Zee Business Twitter and Facebook. Subscribe on YouTube.
RECOMMENDED STORIES
![https://www.zeebiz.com/markets/stocks/photo-gallery-this-tata-group-stock-turned-every-rs-10000-of-investment-into-rs-11300-in-just-a-week-investors-richer-by-42722-crore-rupees-any-guesses-share-market-news-304023](https://cdn.zeebiz.com/sites/default/files/styles/zeebiz_700x394/public/2024/07/26/307143-tradingpexels.jpg?itok=rw4R7EfH)
A Tata group stock just turned every Rs 10,000 of investment into Rs 11,300 in just a week, investors richer by Rs 42,722 crore; any guesses?
![https://www.zeebiz.com/markets/stocks/photo-gallery-large-cap-midcap-stocks-shares-to-buy-for-long-term-check-out-targets-nifty-sensex-303617](https://cdn.zeebiz.com/sites/default/files/styles/zeebiz_700x394/public/2024/07/25/306716-stockks.jpg?itok=KJTrFUIK)
Stocks to buy for long term: Analysts suggest buying these 5 largecap, 4 midcap scrips; check out targets
![https://www.zeebiz.com/personal-finance/photo-gallery-nps-retirement-planning-budget-2024-nirmala-sitharaman-announcement-how-nps-rulebook-change-can-increase-corpus-income-and-monthly-pension-by-40-compound-return-303984](https://cdn.zeebiz.com/sites/default/files/styles/zeebiz_700x394/public/2024/07/26/307102-indian-currency-pixabay-take.jpg?itok=kN21EW-9)
How your NPS retirement corpus and monthly pension can jump by 40% after this rule change; get details
![https://www.zeebiz.com/personal-finance/photo-gallery-senior-citizen-savings-scheme-scss-2024-interest-rate-calculator-post-office-how-to-get-inr-rs-50000-interest-retirement-planning-guaranteed-return-maturity-amount-small-savings-303930](https://cdn.zeebiz.com/sites/default/files/styles/zeebiz_700x394/public/2024/07/26/307042-fd-interest-file.jpg?itok=45ZbBRWM)
How much investment do you need in this senior citizen scheme to get Rs 50,000 quarterly interest? Know here
03:41 PM IST