June 30 Is The Last Date To Deposit Pre-2005 Currency Notes

Subscribe to GoodReturns
For Quick Alerts
ALLOW NOTIFICATIONS  
For Daily Alerts

    Hardly few days are left to deposit your pre-2005 currency notes including Rs 500 and Rs 1000 as per the Reserve Bank of India notification. The deadline to submit is June 30, 2015.

    The country's central bank decided to do away with currency noted prior to 2005 as they have lesser features. 

    June 30 Is The Last Date To Deposit Pre-2005 Currency Notes

    It is standard international practice to withdraw old series notes. The RBI has already been withdrawing these banknotes in a routine manner through banks.

    The Reserve Bank has stated that the notes can be exchanged for their full value. It has also clarified that all such notes continue to remain legal tender.

    The Reserve Bank said that now the notes in Mahatma Gandhi series have been in circulation for a decade.

    A majority of the old notes have also been withdrawn through bank branches. It has, therefore, decided to withdraw the remaining old design notes from circulation, the RBI said in the notification.

    GoodReturns.in

    Read more about: currency forex
    Company Search
    Enter the first few characters of the company's name or the NSE symbol or BSE code and click 'Go'

    Find IFSC

    Get Latest News alerts from Goodreturns

    We use cookies to ensure that we give you the best experience on our website. This includes cookies from third party social media websites and ad networks. Such third party cookies may track your use on Goodreturns sites for better rendering. Our partners use cookies to ensure we show you advertising that is relevant to you. If you continue without changing your settings, we'll assume that you are happy to receive all cookies on Goodreturns website. However, you can change your cookie settings at any time. Learn more