Updates from RBI
RBI has decided to withdraw all currency. How to identify if your banknote will be valid after April 1.
The Reserve Bank of India (RBI) has decided to withdraw all currency notes issued prior to 2005, including Rs 500 and Rs 1,000 denominations, to curb black money and fake currencies.
Notes issued before 2005 does not carry year of printing while the valid notes will have the year printed on the reverse side. "After March 31, 2014, it (RBI) will completely withdraw from circulation all bank notes issued prior to 2005. From Feb 1, 2014, the public will be required to approach banks for exchanging these notes,"
The Reserve Bank of India (RBI) has decided to withdraw all currency notes issued prior to 2005, including Rs 500 and Rs 1,000 denominations, to curb black money and fake currencies.
Notes issued before 2005 does not carry year of printing while the valid notes will have the year printed on the reverse side. "After March 31, 2014, it (RBI) will completely withdraw from circulation all bank notes issued prior to 2005. From Feb 1, 2014, the public will be required to approach banks for exchanging these notes,"
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