What are the exchange standards and procedures for residual currency?

Criteria: 1Redeem in full. If the denomination can be distinguished, the remaining three-quarters (including three-quarters) of the face value, and the design and text can be connected as it is, or if the RMB is damaged or defaced, the financial institution shall exchange the full amount of the original denomination to the holder.

2.Redeem half. If the denomination can be distinguished, the remaining one-half (including one-half) to less than three-quarters of the face value, and the design and text can be connected as it is, the mutilated or defaced renminbi can be exchanged for half of the original denomination.

3.No redemption. If the banknote is in the shape of a cross and lacks one-quarter, it shall be exchanged at half of the original denomination; If the remaining part is less than one-half, it will not be exchanged.

Procedure: You can go to any bank to exchange by yourself, and when you go to the bank for exchange with more than 10 damaged coins, you need to show the certificate of the cause of the damage issued by the customer's unit or community.

According to the relevant regulations, all financial institutions that handle RMB deposit and withdrawal business shall exchange residual currency for the public free of charge, and cannot refuse to exchange it. That is to say, if you have a residual currency in your hand, you can find a bank's business hall, take the number normally, and tell the teller at the window that you want to change the money, and she will change it for you, which is very simple and rude.

According to the Administrative Measures of the People's Bank of China for the Destruction of Damaged RMB, there are two types of damaged RMB: defaced RMB and mutilated RMB.

Defective RMB means that the face of the ticket is torn or damaged; Defaced RMB refers to the RMB due to natural wear and erosion, damage to appearance and texture, color changes, unclear patterns, and damage to security features.

But the exchange is also particular, you take 100 yuan to exchange, may not be able to exchange back 100 yuan. In the previous CCTV program, a practical method was introduced.

First, fold the 100 yuan banknote in half once, and then fold it in half again, and after opening, each grid is 1 4 of the banknote area. If only one corner is missing (more than 3 4 left on the face of the ticket), it can be redeemed in full.

If there is a little more incomplete, a corner of the nest (the remaining face of the coupon 1 2 to 3 4 below), at half of the original denomination exchange, that is, can be exchanged for 50 yuan.

However, if there are more than two corners missing, that is, the remaining part is less than 1 2, it cannot be exchanged.

Effective 1 February 2004, the People's Bank of China introduced a new exchange method for the broken renminbi. The Measures for the Exchange of RMB Damaged by the People's Bank of China promulgated by the central bank stipulate that more than three-quarters (including three-quarters) of the remaining face of the ticket can be exchanged in full if it has the specified characteristics; Half of the remaining half (including one-half) to less than three-quarters of the face value of the ticket with the specified characteristics.

The new measures amend the original "full exchange of mutilated renminbi with prescribed characteristics with no more than one-fifth of the face mutilation, and half-value exchange with the prescribed characteristics of more than one-fifth to one-half of the face mutilation" to "full exchange of more than three-quarters (including three-quarters) of the remaining face value with the prescribed characteristics, and half of the remaining one-half (including one-half) to less than three-quarters of the face value with the prescribed characteristics"; At the same time, a new provision was deliberately made that "the banknote is in the shape of a cross, missing a quarter of the mutilation, and defaced RMB can only be exchanged for half of the amount"; In addition, the separate provisions on the exchange standards for mutilated or defaced renminbi that were originally caused by fire, insect moth, rat bites, mildew and other special reasons will be abolished.

1. The face of the ticket is incomplete no more than 1 5, and the rest of the patterns and words can be connected as they are;

2. The face of the ticket is defaced, scorched, wet, soaked in oil, and discolored, but it can distinguish the true from the false, and the complete or incomplete face of the ticket does not exceed 1 5, and the rest of the pattern and text are connected as they are.

If the face of the ticket is mutilated from 1 5 to 1 2, and the design and text of the rest can be connected as it is, it shall be exchanged with the People's Bank of China for half of the original denomination, but shall not be used in circulation.

At the same time, the measures stipulate that any mutilated renminbi shall not be converted under one of the following circumstances:

1. The face of the ticket is mutilated 1 2 or more;

2. The face of the ticket is defaced, scorched, wet, oiled, discolored, and cannot distinguish the real from the fake;

3. Those who deliberately dig up, alter, cut and paste together, or remove one side.

Incomplete renminbi that cannot be exchanged shall be voided by the People's Bank of China and shall not be circulated for use.

This is the official announcement of the residual currency exchange standard, it is recommended that you compare it yourself, you must go to the bank branch to exchange, mainly the bank staff to see the specific can be said. It's to see how much is missing, and what kind of broken it is. Remember that the back can not be glued with transparent glue, and the exchange method is recommended **Contact the bank, specifically ask.

Hope it helps!

The exchange standard of residual currency is as follows:

1. The mutilated area is less than one-quarter: full exchange;

2. The mutilated area is greater than one-quarter and less than one-half: one-half of the denomination of the residual currency is exchanged;

3. More than half of the mutilated area: cannot be exchanged.

Legal basis: Measures of the People's Bank of China for the exchange of RMB in mutilated and defaced cases

Article 3. Any financial institution that handles RMB deposit and withdrawal business (hereinafter referred to as "financial institution") shall exchange RMB for the public free of charge, and shall not refuse to do so.

People's Bank of China Defective Defaced RMB Exchange Measures":

Article 4. There are two cases of "full amount" and "half" of RMB exchange points for mutilation or defacement.

1) If the denomination can be distinguished, and the remaining three-quarters (including three-quarters) of the face value of the coupon is more than three-quarters (including three-quarters), and the design and text of the denomination can be connected as it is, and the financial institution shall exchange the full amount of the original denomination with the holder.

2) If the denomination can be distinguished, and the remaining half (including one-half) to less than three-quarters of the face value, and the design or text of the denomination can be connected as it is, the financial institution shall exchange it with the holder at half of the original denomination.

If the banknote is cross-shaped and less than a quarter of the circle is exchanged, it will be exchanged at half of the original denomination.

People's Bank of China Defective Defaced RMB Exchange Measures":

Article 5. If the redemption amount is less than one point, it will not be exchanged; If five cents are exchanged for half of the amount, two cents shall be redeemed.

According to the "Measures of the People's Bank of China for the Exchange of Defective and Defaced Renminbi", all financial institutions that handle the deposit and withdrawal of renminbi shall exchange defective or defaced renminbi for the public free of charge, and shall not refuse to exchange it. The redemption criteria are as follows:

Less than a quarter of the mutilated area: full redemption.

More than a quarter and less than half of the mutilated area: exchange for one-half of the denomination of the residual currency.

More than half of the mutilated area: cannot be redeemed.

Technique: Fold the 100 yuan banknote in half once, fold it in half again, press a line, and open each grid is a quarter of the banknote area. A corner is missing:

The full amount is exchanged, and the mutilated ones are a little more, and there is a corner of the nest: it is exchanged for fifty yuan, and it is more than two corners that are mutilated: it cannot be exchanged.

All financial institutions that handle RMB deposit and withdrawal business can exchange it.

1. Exchange standards for mutilated RMB:

1. The missing part of the ticket damages the line name, lace, prefix, number, one or missing corner;

2. There are slow holes on the face of the ticket, with a diameter greater than 10 mm;

3. The length of the tear exceeds the length (or width) of the face 1 5 or damages the lace and pattern;

4. Sticking due to the fracture of the ticket;

5. The paper on the face of the ticket is soft and old;

Legal analysis: 1. Exchange standards for mutilated RMB: 1. The missing part of the face of the ticket is damaged by the name, lace, prefix, number, one or missing corner; 2. There are holes on the face of the ticket, with a diameter greater than 10 mm; 3. The length of the tear exceeds the length (or width) of the face 1 5 or damages the lace and pattern; 4. Sticking due to the fracture of the ticket; 5. The paper on the face of the ticket is soft and old; 6. Due to oil immersion, ink stains, etc., the dirty area is large (more than 1 square centimeter) or there is a lot of handwriting, which hinders the neatness of the ticket; 7. The face of the ticket changes color, which seriously affects the clarity of the pattern; 8. The coin is mutilated, perforated, deformed, ink damaged, and oxidized to damage the pattern.

2. Damaged RMB exchange standards:

1) If the damaged RMB falls under one of the following circumstances, the currency shall be exchanged with the bank in full: 1. The damage to the face of the RMB does not exceed 1 5, and the rest of the design and text can be connected as it is; 2. The face of the ticket is defaced, scorched, wet and discolored, but it can distinguish the true from the false, and the integrity or mutilation of the ticket does not exceed 1 5, and the pattern and text of the rest of the part can be connected as it is.

2) If the face of the ticket is damaged from 1 5 to 1 2, and the rest of the design and text can be connected as it is, the currency shall be exchanged with the bank according to half of the original denomination, and shall not be circulated for use.

3) If the damaged RMB falls under one of the following circumstances, it will not be exchanged: 1. The face of the damaged RMB is more than 1 2; 2. The face of the ticket is defaced, scorched, wet, oil-soaked, discolored, and cannot distinguish between the real and the fake; 3. Those who deliberately dig up, alter, cut and paste together, and remove one side. Damaged renminbi that cannot be exchanged shall be voided by the People's Bank of China and shall not be circulated for use.

Legal basis: Article 22 of the Regulations of the People's Republic of China on the Administration of Renminbi stipulates that when handling RMB deposit and withdrawal business, postal savings outlets shall, in accordance with the regulations of the People's Bank of China, exchange mutilated or defaced renminbi for the public free of charge, pick out the mutilated and defaced renminbi, and deposit them with the local People's Bank of China, and shall not pay the mutilated or defaced renminbi to the outside world.

1.If the remaining three-quarters (including three-quarters) of the face of the ticket has the required characteristics, it can be redeemed in full; The remaining half (including one-half) to three-quarters of the face value of the ticket is exchanged for half of the value with the specified characteristics.

Since February 1, the People's Bank of China.

A new exchange method will be introduced for the broken renminbi. Central bank.

The promulgated Measures of the People's Bank of China for the Exchange of RMB for Defective and Defaced Hu Hu stipulate as follows: Zen this rise1, and more than three-quarters (including three-quarters) of the remaining face of the ticket can be exchanged in full if it has the specified characteristics; 2. Half of the remaining half (including one-half) to less than three-quarters of the face value of the ticket with the specified characteristics can be exchanged. 3.

The difference between the old and new exchange methods:

1) The original "full exchange of the mutilated RMB with the specified characteristics with no more than one-fifth of the face mutilation, and half of the exchange with the prescribed characteristics of the mutilated one-fifth to one-half of the face mutilation" is amended to "full exchange of more than three-quarters (including three-quarters) of the face value with the prescribed characteristics, and half of the exchange with the required characteristics of the remaining one-half (including one-half) to less than three-quarters of the face value";

2) At the same time, a new stipulation was made that "the banknote is in the shape of a cross, missing a quarter of the mutilation, and defaced RMB can only be exchanged for half of the amount";

3) In addition, the original separate provisions on the exchange standards for mutilated or defaced renminbi due to fire, insect moth, rat bites, mildew and other special reasons will be abolished.

Extended information: Exchange standards for national broken RMB: Damaged RMB will not be exchanged if it falls under one of the following circumstances:

Ticket damage 1 4 or more; Fouling, scorching, wet, oily, discolored, unable to distinguish between true and fake; Deliberately digging up and altering. Damaged coins can be exchanged at the counter of any bank, and all banks are obliged to exchange damaged coins for customers. Nothing to pay special attention to, just know that less than a quarter is mutilated.

The remaining three-quarters or more, if the face is consecutive, can be redeemed in full. If it is less than one-half, it can be exchanged for half of the amount, and if it is more than one-half mutilated and less than half, it cannot be exchanged.

At present, the main basis for the exchange of damaged RMB in China is the "Measures of the People's Bank of China for the Exchange of Damaged and Defaced RMB", which has three exchange standards:

1. Full exchange: If the denomination can be distinguished, the remaining three-quarters (including three-quarters) of the face value, and the design and text can be connected as it is, the financial institution shall exchange the full amount of the original denomination to the holder.

2. Convert half: If you can distinguish the denomination, the remaining half (including one-half) to less than three-quarters of the denomination, and the pattern and text can be connected as it is, the mutilated or defaced RMB can be exchanged at half of the original denomination.

3. Non-exchangeable: If the banknote is in the shape of a cross and lacks one-quarter, it will be exchanged at half of the original denomination; If the remaining part is less than one-half, it will not be exchanged. When you go to the bank for exchange with more than 10 damaged coins, you need to present the certificate of the cause of the damage issued by the customer unit or the community.

Central bank. The promulgated "Measures of the People's Bank of China for the Exchange of Defective and Defaced Renminbi" stipulates that if the denomination can be distinguished, the remaining three-quarters of the face of the ticket, and the design and text can be connected as it is, the financial institution shall exchange the full amount of the original denomination to the holder.

In accordance with the relevant laws and regulations, the denomination can be distinguished, the remaining 3 4 on the face of the coupon contains 3 4 or more, and the patterns and words can be connected as they are. The denomination can be distinguished, and the remaining search for Jianfeng 1 2 on the face of the ticket contains 1 2 to 3 4 or less, and the pattern and text can be connected as it is, and it can be exchanged for half of the amount. If the banknote is in the shape of a cross and lacks 1 4, it will be exchanged in half.

Definition of Remnant Coins:

A corner of the banknote has been torn off (missing corner), the face of the note is cracked (whether or not it has been repaired with adhesive tape), the area on which the banknote has been scribbled is more than 2 square centimeters, it is too worn out due to the early issuance of the batch, the service life is too long, or the defective product is due to printing by the printing house.

Currency, all of which are regarded as remnants.

All other cases will not be exchanged.

Any bank branch engaged in RMB cash business has the obligation to exchange defective or defaced RMB for customers free of charge.