Hard-earned money is quite precious to everyone as times are bad, and every savings now will help us breathe easy during more challenging times. Nothing hurts more when the savings of years and months lose their value just because of an animals/reptile's existence in the house.
Such is the pain of a vegetable farmer in Vemunur village in Mahbubabad as his blood and sweat went into vain as rats chewed up nearly two lakhs of cash. Redya Naik, the troubled man who earns his living by selling vegetables, saved up all this money for quite some time. Rodents destroyed the cotton bag, which had the currency in Rs.500 denomination. The fraction of the destroyed notes had a borrowed sum of money from his relatives.
The poor vegetable farmer is suffering from a severe stomach ache and a lump in his abdomen. On the local doctor's advice, he was asked to visit Hyderabad for treatment, which cost nearly 4 Lakh rupees. Troubled by the shredded notes, the farmer visited all the banks in Mahbubabad, but no one accepted his entirely shredded currency.
Finally, one of the banks advised approaching RBI in Hyderabad to discuss this issue. However, on reaching the city and the meeting at RBI clarified that the banks across the country would have to accept damaged and old notes in exchange for new currency. But, the situation of the farmer with shredded notes does not come under the criteria.