alleryHow many notes may be exchanged over the counter free of charge?
AUp to 50 pieces
BUp to 90 pieces
CUp to 40 pieces
DUp to 20 pieces
Answer & Solution
Correct answer: D. Up to 20 pieces
1. A value ceiling applies alongside the count.
2. Beyond either limit the tender is treated as bulk.
3. The count limit is 20 pieces.
_Source: RBI Master Direction, Facility for Exchange of Notes and Coins_
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