RBI Update: Master Direction – Facility for Exchange of Notes and Coins

RBI vide its notification dated on 3 rd April, 2023 to all banks.

The notification states:
In exercise of the powers conferred under Section 35A of the Banking Regulation Act, 1949, refer with sections 28, 38, 39, 58(1) and 58(2)(q) of the Reserve Bank
of India Act, 1934, the Reserve Bank of India being satisfied that it is necessary and expedient in the public interest so to do, hereby, issues the Directions hereinafter specified.
The Directions are mentioned in the Master Circular.

Link of the circular: https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=12479&Mode=0

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