Wedding Note Bundles: The wedding season has begun across the country, and with it, the demand for 10 and 20 rupee notes has also increased rapidly. These small notes are needed everywhere, from throwing notes in wedding processions to auspicious garlands and pujas. Due to the shortage of these notes in the market, people are forced to buy them at higher prices in the black market. A bundle of 10 rupee notes containing 1000 rupees is being sold for up to 1500 rupees, and a bundle of 20 rupee notes containing 2000 rupees is being sold for up to 2500 rupees. However, under Reserve Bank of India (RBI) regulations, you can obtain bundles of these notes directly from a bank branch or an RBI issue office without any additional charges. If needed, old notes can also be exchanged for new ones. It is mandatory to carry an identification card when making bank transactions.
Demand for small notes rises during the wedding season
The wedding season peaks nationwide from November to February. This year, more than 4.6 million weddings are expected, generating an estimated turnover of approximately ₹6.5 lakh crore. During this period, demand for ₹10 and ₹20 notes increases significantly, as these notes are most commonly used in shagun (golden gifts), garlands (malas), pujas (worship rituals), and wedding processions.
Read Here: Xiaomi 14 Civi Hits Lowest Price Since Launch, 12GB RAM & Leica 50MP Camera Power, Here’s The Price!
Rising prices in the black market
Due to the shortage of small notes, people are buying them in bulk. A bundle of ₹10 notes containing ₹1000 is being sold for up to ₹1500, and a bundle of ₹20 notes containing ₹2000 is being sold for up to ₹2500. Due to increased demand during the wedding season, their prices increase even further.
How to Get Bundles of Notes from the Bank
If you need small notes for a wedding or other function, you can go to the bank branch and ask the cashier for a bundle of 10 or 20 rupee notes. Banks provide a limited amount directly. To obtain larger bundles, you may need to provide identification. This facility is completely legal and free.
Read Here: Motorola Edge 50 Pro Under Rs 25,000 – Best Option For selfie Lovers!
Exchanging Old Notes for New Notes
Sometimes, banks face a shortage of small notes. In such cases, customers can exchange their old or large notes for new 10- and 20-rupee notes. This process is simple, and there are no additional fees.
Notes can also be obtained from the RBI
If you need a large amount of notes, you can contact the RBI Issue Office in your city. These offices supply new currency to banks. You can also find out which banks have recently received new stock of small notes to make it easier for you to obtain them.
Caution is essential
Buying notes from the black market is not only illegal but also risky. Such notes are likely to be counterfeit. Therefore, obtaining notes from a bank or RBI office is the safest and most legal method.