Does Bank Accept Torn Notes

As per RBI, a mutilated note is a note of which a portion is missing or which is composed of more than two pieces. Mutilated notes may be presented at any of the bank branches. The notes so... Damaged notes can be accepted safely where there is less than 20 per cent of the note missing or affected by heat, regardless of whatever other damage there is to the note. A damaged banknote is a genuine Bank of England banknote that has been accidentally torn or damaged.

Claiming for a damaged banknote As a general rule, we will only reimburse you with the face value of a damaged banknote if you still have at least half of the banknote.