alleryExchange of mutilated and imperfect notes at a branch is:
AFixed at cost
BFull of cost
CFree of cost
DFee on cost
Answer & Solution
Correct answer: C. Free of cost
1. Powers were delegated to all bank branches.
2. The rule is meant to help the public.
3. The exchange is free of cost.
_Source: RBI Master Direction, Facility for Exchange of Notes and Coins_
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