What to do if ATM gives you ripped money?

You can use your cash as is if a corner is missing. If it’s ripped into two pieces, tape them back together and take the bill to a bank, where they will make sure the serial numbers on both sides of the note match and give you a new one.

What is soiled and mutilated notes?

What are soiled, mutilated and imperfect banknotes? Extremely brittle, burnt, charred, stuck up Notes Notes which have turned extremely brittle or are badly burnt, charred or inseparably stuck up together and, therefore, cannot withstand normal handling.

How do I write a complaint letter to a bank about my deduction?

Subject: Money deduction in my account. So, I request you to do solve my problems as soon as (if you have any reason for deducting money then give otherwise no problems) and get the amount credited back to my account as per the rules of the bank. Mobile Number:…….

How do I write a letter to the Banking Ombudsman?

For written complaint, download, print and fill up form available on www.bankingombudsman.rbi.org.in with relevant details like name, address, facts around the complaint, loss suffered and relief sought. Submit copies of documents that support your case along with the complaint form.

Will a bank take torn money?

Banks can exchange some mangled money for customers. Typically, badly soiled, dirty, defaced, disintegrated and torn bills can be exchanged through your local bank if more than half of the original note remains. These notes would be exchanged through your bank and processed by the Federal Reserve Bank.

What are soiled noted?

Soiled notes are those which have become dirty and slightly cut. Notes which have numbers on two ends, i.e. notes in the denomination of Rs. 10 and above which are in two pieces, are also treated as soiled note. The cut in such notes, should, however, not have passed through the number panels.

Do banks accept mutilated notes?

As per RBI, a mutilated note is a note of which a portion is missing or which is composed of more than two pieces. Mutilated notes may be presented at any of the bank branches. The notes so presented shall be accepted, exchanged and adjudicated in accordance with Reserve Bank of India (Note Refund) Rules, 2009.