RBI extended deadline for exchanging pre-2005 currency notes by 6 months

The notes can be exchanged for their full value and all such notes will continue to remain legal tender.

Created On: Jun 26, 2015 16:00 IST

The Reserve Bank of India (RBI) on 25 June 2015 extended the date to exchange pre-2005 bank notes till 31 December 2015.

RBI in an official statement said that the notes can be exchanged for their full value. It has also clarified that all such notes continue to remain legal tender.

Soliciting cooperation from members of public in withdrawing these banknotes, it also urged them to deposit the old design notes in their bank accounts or exchange them at a bank branch convenient to them.

Earlier on 23 December 2014, it extended the deadline for exchanging pre-2005 of various denominations by another six months till 30 June 2015 from previous 31 December 2015.

How to identify the pre-2005 currency notes?

As per RBI, the currency notes which were issued before 2005 do not have the year of printing on the reverse side, whereas, notes issued post 2005 have the year of printing at the bottom of the reverse side.

Why this exchange is essential?

According to RBI, the post-2005 notes have added security features and will help in curbing the menace of fake currency.

Now get latest Current Affairs on mobile, Download # 1  Current Affairs App

Take Weekly Tests on app for exam prep and compete with others. Download Current Affairs and GK app

एग्जाम की तैयारी के लिए ऐप पर वीकली टेस्ट लें और दूसरों के साथ प्रतिस्पर्धा करें। डाउनलोड करें करेंट अफेयर्स ऐप

AndroidIOS

Related Stories

Comment (0)

Post Comment

9 + 5 =
Post
Disclaimer: Comments will be moderated by Jagranjosh editorial team. Comments that are abusive, personal, incendiary or irrelevant will not be published. Please use a genuine email ID and provide your name, to avoid rejection.

    Monthly Current Affairs PDF

    • Current Affairs PDF November 2021
    • Current Affairs PDF October 2021
    • Current Affairs PDF September 2021
    • Current Affairs PDF August 2021
    • Current Affairs PDF July 2021
    • Current Affairs PDF June 2021
    View all

    Monthly Current Affairs Quiz PDF

    • Current Affairs Quiz PDF November 2021
    • Current Affairs Quiz PDF October 2021
    • Current Affairs Quiz PDF September 2021
    • Current Affairs Quiz PDF August 2021
    • Current Affairs Quiz PDF July 2021
    • Current Affairs Quiz PDF June 2021
    View all