Master Direction – Facility for Exchange of Notes and Coins

02-Apr-2026 , 12:31:00 pm | By CASANSAAR print

Master Direction – Facility for Exchange of Notes and Coins

RBI/DCM/2026-27/395
DCM (NE) No.G-2/08.07.18/2026-27

April 01, 2026

The Chairman/ Managing Director/ Chief Executive Officer
All Banks

Madam/ Dear Sir,

Master Direction – Facility for Exchange of Notes and Coins

In exercise of the powers conferred under Section 35A of the Banking Regulation Act, 1949, read with sections 28, 38, 39, 58(1) and 58(2)(q) of the Reserve Bank of India Act, 1934, Reserve Bank of India (RBI), from time-to-time issues guidelines/ instructions/ directives to the banks on provision of Facility for Exchange of Notes and Coins to members of public.

2. A Master Direction incorporating and updating the extant guidelines/ instructions/ directives on Facility for Exchange of Notes and Coins has been prepared to enable banks to have all current instructions on the subject at one place for reference and the same is enclosed.

3. The circulars listed in Annex II and all Master Circulars/ Directions earlier issued on the subject stand withdrawn from the date of issuance of this Master Direction.

Yours faithfully,

(Suman Nath)
Chief General Manager