Nowadays, ATMs have become an integral part of our daily lives. We often rely on ATM machines to withdraw money as needed. ATM services are available 24 hours a day. However, sometimes our ATM withdrawal experience is disastrous.
It’s common for some people to receive torn notes while withdrawing money from ATMs, leaving them quite upset because shopkeepers won’t accept such notes, nor can they be deposited at a bank.
Also Read:Â ITR forms to be notified by January, new law coming into effect for taxpayers
Now the question is, can a torn note from an ATM be returned? The answer is yes. Today, we’re going to tell you about the process for exchanging a torn note from an ATM machine.
The Reserve Bank of India has established rules for exchanging torn notes dispensed from ATMs. Therefore, you won’t face any difficulties exchanging torn notes from ATMs. The process is simple and easy. In this process, you first need to go to the bank whose ATM dispensed the torn note. After visiting the bank, you need to fill out an application. In the application, you’ll need to provide several important details.
In this application, you must enter details such as the date and time of withdrawal, the amount of money withdrawn, the ATM from which it was withdrawn, etc. You must also keep a copy of the mini-statement generated by the ATM machine when withdrawing money. If you don’t have a mini statement, you must provide the transaction details in the application. Submit the application. After this, the bank will replace the torn note dispensed from the ATM machine. It’s important to be aware of this rule.
Also Read:Â PM Kisan Yojana: 21st installment of the PM Kisan Yojana will be transferred tomorrow, Check list here
