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TMI BlogDeposit Pre-2005 Currency Notes in Your Bank Accounts before June 30, 2015: RBI urges PublicX X X X Extracts X X X X X X X X Extracts X X X X ..... Deposit Pre-2005 Currency Notes in Your Bank Accounts before June 30, 2015: RBI urges Public X X X X Extracts X X X X X X X X Extracts X X X X ..... ng these notes from circulation, the Reserve Bank of India has urged them to deposit the old design notes in their bank accounts or exchange them at a bank branch convenient to them. The Reserve Bank ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... of India has stated that the public can do so till June 30, 2015. Earlier, in March 2014, it had set the last date for public to exchange these notes was January 01, 2015. The Reserve Bank has stated ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... that the notes can be exchanged for their full value. It has also clarified that all such notes continue to remain legal tender. Explaining the move, the Reserve Bank said that now the notes in Maha ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... tma 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 A majority of the old notes have also been withdrawn through bank branches.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 not ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... es from circulation. Not having currency notes in multiple series in circulation at the same time is a standard international practice, the Reserve Bank has pointed out. The Reserve Bank will continu ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... e to monitor and review the process so that the public is not inconvenienced in any manner.
Alpana Killawala
Principal Chief General Manager X X X X Extracts X X X X X X X X Extracts X X X X
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