GK
BANKING AWARENESS AND SEBI
|
Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
|
What is the full form of TLR?
|
|
Two Lock Reception
|
|
|
Triple Lock Reception
|
|
|
Two Lock Receptacle
|
|
|
Triple Lock Receptacle
|
Explanation:
Detailed explanation-1: -The RBI offers a facility for exchanging damaged notes called a Triple Lock Receptacle (TLR) cover. FP Trending November 17, 2022 19:22:55 IST. RBI rules and regulations to exchange damaged notes with fresh ones. Representational Image/PTI. We frequently come across currency notes in damaging situations.
Detailed explanation-2: -As per RBI (Note Refund) Rules, 2009, which was amended in 2018, no bank can decline to exchange the damaged, mutilated, taped or torn banknotes. So any damaged genuine currency note, be it soiled, mutilated or imperfect can be exchanged by any bank branch or RBI issue office.
There is 1 question to complete.