Current Affairs - Banking - Discussion

Discussion Forum : Banking - Latest Current Affairs (Q.No. 1739)
1739.
RBI tweaks norms for note change thereby making amendments to the __________.
Reserve Bank of India (Note Refund) Rules, 2009
Negotiable Instruments Act, 1881
Payment and Settlement Systems Act, 2007
Banking Regulation Act, 1949
Answer: Option
Explanation:
RBI tweaked norms for exchange of mutilated notes following the introduction of ₹2,000, ₹200 and other lower denomination currencies. Public can exchange mutilated or defective notes at RBI offices and designated bank branches across the country for either full or half value. Making amendments to the Reserve Bank of India (Note Refund) Rules, 2009.
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