Reserve Bank of India Act, 1934 · Chapter III: Central Banking Functions
Section 27: Re-issue notes
The Bank shall not re-issue bank notes which are torn, defaced or excessively spoiled.
Source: India Code (indiacode.gov.in), the consolidated text published by the Legislative Department, Government of India. Text as updated on India Code on 15 October 2026. Words in square brackets [ ] were inserted or substituted by later amending Acts, and *** marks words omitted by an amendment. The amendment footnotes are not reproduced here. Official text on India Code.