Can You Use Money If It Ripped In Half?

How much of a ripped dollar can you use?

50 percentAccording to their website, the Mutilated Currency Division will redeem your broken money if you send in 50 percent or more of the note.

If you have less than 50 percent of it, then you must provide evidence that the missing portions have been “totally destroyed.”.

Is a ripped bill worth anything?

A torn bill consisting of more than three-fifths of the note is worth full value. A bill is worth half if between 40% and 60% of the bill remains intact. It is worth nothing if less than this remains intact.

What do you do with a ripped note?

​Exchange at any bank As per the Reserve Bank of India (RBI), every bank has to accept mutilated, soiled or imperfect currency notes. So you can easily walk into your nearest bank and get your unusable notes exchanged. No fee will be charged for this facility.

Do banks accept ripped checks?

* The best answer about ripped checks is that it depends. Tape it together and go to a cashier in the bank. * The bank may decide to reject a ripped or torn check if the signature or the amount is torn. … * Do not rip your check into very small pieces – the bank will not accept it this way.