Section 39 of RBI Act : Section 39: Obligation To Supply Different Forms Of Currency

RBI Act

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Explanation using Example

Imagine you have a ₹2000 bank note and you need smaller denominations for daily transactions. You go to a branch of the Reserve Bank of India (RBI) and ask for change. Under Section 39(2) of the RBI Act, the RBI is required to provide you with currency notes or bank notes of lower value, like ₹100 or ₹500 notes, or other coins that are legal tender, to ensure you have currency that can be used more easily in the market.

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