Post Fani, banks to remain open till 6PM; RBI asks to exchange damaged notes

Bhubaneswar: In a major relief, the Reserve Bank of India, Bhubaneswar has facilitated exchange of currency notes damaged in the severe cyclonic storm Fani. Not only this, it has also asked the banks to function for two additional hours, i.e. till 6PM. As per reports, all banks have been directed to allow exchange of currency […]

RBI

Bhubaneswar: In a major relief, the Reserve Bank of India, Bhubaneswar has facilitated exchange of currency notes damaged in the severe cyclonic storm Fani. Not only this, it has also asked the banks to function for two additional hours, i.e. till 6PM.

As per reports, all banks have been directed to allow exchange of currency notes that are dirt ridden, torn, tattered, burnt or joined by adhesives. Such notes can also be exchanged with new notes at all banks. The notes that are extremely damaged can be deposited with the RBI.