Module: General Practice
Q8: If a non-chest bank branch is unable to adjudicate mutilated notes, what is the maximum time limit that shall be informed to the tenderer as the probable date of payment?
✅ Correct Answer: C
According to RBI Note Exchange Rules, if a non-chest branch sends notes to a currency chest for adjudication, the customer must be informed of a probable payment date not exceeding 30 days.
This timeline is a strict compliance requirement within RBI Note Exchange Rules.
This timeline is a strict compliance requirement within RBI Note Exchange Rules.