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R B I : Currency Notes Issued Before 2005 To Be Withdrawn


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Mumbai: Currency notes issued before 2005 will be completely withdrawn from circulation by the end of the current financial year ending March 31, the Reserve Bank of India (RBI) said Wednesday.

 

The central bank said from April 1, 2014, public would be required to approach banks for exchanging these notes. 

 

“Banks will provide exchange facility for these notes until further communication,” the RBI said in a statement. 

 

The central bank stated that public can easily identify the notes to be withdrawn as those issued before 2005 do not have the year of printing on their reverse side. 

 

The Reserve Bank has also clarified that the notes issued before 2005 will continue to be legal tender. 

 

This would mean that banks are required to exchange the notes for their customers as well as for non-customers. 

 

From July 1, 2014, however, to exchange more than 10 pieces of Rs.500 and Rs.1,000 notes, non-customers will have to furnish proof of identity and residence to the bank branch in which she/he wants to exchange the notes.

 

“The Reserve Bank has appealed to the public not to panic. They are requested to actively cooperate in the withdrawal process,” the statement said.
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Nalla dhanam mottam bustand anukuntaa gaaa inka.. CITI_c$y

Posted

Nalla dhanam mottam bustand anukuntaa gaaa inka.. CITI_c$y

properties konestunaru ga chala mandhi, liquid cash unchukokunda
Posted

Nalla dhanam mottam bustand anukuntaa gaaa inka.. CITI_c$y

 

Foreign banks lo dachukunna vallaki em farak padadu kada...  

Posted

properties konestunaru ga chala mandhi, liquid cash unchukokunda

 

+1

Posted

properties konestunaru ga chala mandhi, liquid cash unchukokunda

registration cheyyinchina pedda properties annintiki inquiries vastunnay IT valla deggara nunchi.. proofs choopinchamani aa paisal ekkad nunchi vachaayo..

Posted

registration cheyyinchina pedda properties annintiki inquiries vastunnay IT valla deggara nunchi.. proofs choopinchamani aa paisal ekkad nunchi vachaayo..

 

valla bonda.. chillar veste ani musukuntaru

Posted

properties konestunaru ga chala mandhi, liquid cash unchukokunda

politicians elections kosam liquid paisal baane maintain chestaaru kada.. adanta marchatam kashtam.. 

Posted

registration cheyyinchina pedda properties annintiki inquiries vastunnay IT valla deggara nunchi.. proofs choopinchamani aa paisal ekkad nunchi vachaayo..

picha light, vaalla ki % ichestaru, they will become silent, telisindhe ga
Posted

politicians elections kosam liquid paisal baane maintain chestaaru kada.. adanta marchatam kashtam.. 

 

indirect transactions run avutai.. liquor, sarres, gifts etc..

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valla bonda.. chillar veste ani musukuntaru

chinna valla deggara ok gaani pedda proprties 2c+ vaatiki konchem gattigaane choostunnaru maayya..

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affa man...desam..

inflation ki pothunattu undhi

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