Winning Bizness Sports Desk

Mumbai. Many times, torn or mutilated notes come out of the ATM or land into your hands anyway. Then you do not need to pay huge commission to get the mutilated or old notes replaced, rather you can get them replaced by going to any bank branch. Its process is also very easy. The Reserve Bank of India has given instructions to all the banks of the country to exchange worn out, mutilated, rotten or old damaged currency notes. Banks have to give new notes to the general public in exchange for such notes. For this now they do not need to go to RBI office. You do not need to open a bank account to exchange old notes. A common man can exchange old notes by visiting any bank branch on working days. Rules have been made regarding the valuation of a torn old note for exchange. Here you have been told the complete process of getting mutilated notes exchanged from any bank branch.

Kown the conditions ...

• If your torn old note is of Rs 50 or less, and if it has been broken into two equal pieces, then you get the full value of the note in exchange.
• If your torn old note is worth more than Rs 50. If any one piece of the note is 80 percent or more of the entire note size, then you will get the full value of the note.
• If a piece of torn note is less than 80 percent but 40 percent or more, then you will get refunded an amount equal to half the value of the note. If the largest single piece is less than 40 percent, your note will not be exchanged.
• You can exchange old notes worth up to Rs 5,000 from any bank in a day without any enquiry. At the same time, in a day you can exchange a maximum of 20 old notes from any bank branch.
• After valuation of the bank notes, they give you a fresh cash amount in exchange for your torn notes without any inquiry.
• If you exchange torn old notes of more than this amount from any bank branch, then that money is deposited in your account. Whereas if the exchange value of old notes is more than Rs 50,000, then you have to provide PAN card details.

Lawyers were also excluded from benefits

The Central Government is in the process of setting up a GST Appellate Tribunal for expeditious disposal of pending tax cases and cases. Therefore, it is said that this change was made at such a time in the Revised Tribunal Rules. Earlier, the government had also barred lawyers from being members of the judiciary. Section-2A of the Gratuity Act has clearly defined it as 'consecutive work'. Accordingly, many employees are eligible for gratuity after five years of non-service. According to Section-2A of the Gratuity Act, employees are eligible for gratuity if they have worked continuously for 190 days with their employer for four years.