what is clean note policy? What is the difference between Indemnity and Affidavit?

Question

Accepted Answer

Clean note policy refers to the practice of banks not accepting damaged or torn currency notes. Indemnity is a legal agreement while affidavit is a written statement made under oath.

Clean note policy is a practice followed by banks to not accept currency notes that are damaged, torn or defaced.
Indemnity is a legal agreement where one party agrees to compensate the other party for any loss or damage that may occur.
An affidavit is a written statement made under oath and is used as evidence in legal proceedings.
The main difference between indemnity and affidavit is that indemnity is a legal agreement while affidavit is a written statement made under oath.

Accepted Answer

clean note policy means collected mutilated not by bank and send to RBI Never reissue to customers

Accepted Answer

Indemnity is that you give authority to Bank & affiliate is you confirm that the details you given is correct

what is clean note policy? What is the difference between Indemnity and Affidavit?

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