Thursday, 23 January 2014

Banknotes issued prior to 2005 to be withdrawn: RBI Advisory



The Reserve Bank of India has today advised that after March 31, 2014, it will completely withdraw from circulation all banknotes issued prior to 2005. From April 1, 2014, the public will be required to approach banks for exchanging these notes. Banks will provide exchange facility for these notes until further communication. The Reserve Bank further stated that public can easily identify the notes to be withdrawn as the notes issued before 2005 do not have on them the year of printing on the reverse side. 



source:   http://rbi.org.in/scripts/BS_PressReleaseDisplay.aspx?prid=30458








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