Sukanya Samriddhi Account to Earn 9.2% Interest: 10 Facts PPF Rates Unchanged, But Sukanya Samriddhi Scheme to Earn More PPF Account Offers Loan Facility: 10 Things to Know EPayment Card vs Credit Card: Which One to Pick for Pocket Money? How to Get Tax Gains from Your Losses in Shares Applying for a Home Loan? Few Charges You Should More From Your Money Ads by Google – www.fabmart.com Deadline to Exchange Pre-2005 Notes Extended Press Trust of India | Updated On: December 23, 2014 23:26 (IST) Mumbai: The deadline for exchanging pre2005 currency notes of various denominations including Rs 500 and Rs 1,000 has been extended by another six months till June 30, 2015. "The Reserve Bank 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 1, 2015," the RBI said in a statement. The apex bank clarified that all such notes will continue to remain a legal tender. These notes can be exchanged for their full value, it added. Currency notes issued before 2005 do not have the year of printing on the reverse side. In notes issued after 2005, the year of printing is visible at the bottom on the reverse.

Deadline to Exchange Pre-2005 Notes Extended - NDTVProfit

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The deadline for exchanging pre2005currency notesof various denominations including Rs 500 and Rs 1,000 hasbeen extended by another six months till June 30, 2015.

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Deadline to Exchange Pre-2005 NotesExtendedPressTrustofIndia|UpdatedOn:December23,201423:26(IST)

Mumbai:Thedeadlineforexchangingpre2005currencynotesofvariousdenominationsincludingRs500andRs1,000hasbeenextendedbyanothersixmonthstillJune30,2015.

"TheReserveBankofIndiahasstatedthatthepubliccandosotillJune30,2015.EarlierinMarch2014,ithadsetthelastdateforpublictoexchangethesenoteswasJanuary1,2015,"theRBIsaidinastatement.

Theapexbankclarifiedthatallsuchnoteswillcontinuetoremainalegaltender.Thesenotescanbeexchangedfortheirfullvalue,itadded.

Currencynotesissuedbefore2005donothavetheyearofprintingonthereverseside.Innotesissuedafter2005,theyearofprintingisvisibleatthebottomonthereverse.
4/3/2015 DeadlinetoExchangePre2005NotesExtendedNDTVProfit.com

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Know

Storyfirstpublishedon:December23,201422:58(IST)

Post2005noteshaveaddedsecurityfeaturesandhelpincurbingthemenaceoffakecurrency.

Seekingcooperationforwithdrawingpre2005currencynotesfromcirculation,theRBIhasaskedthepublictodeposittheolddesignnotesintheirbankaccountsorexchangethematabankbranchconvenienttothem.

Explainingthemove,theRBIsaidthatnowthenotesinMahatmaGandhiserieshavebeenincirculationforadecade.Amajorityoftheoldnoteshavealsobeenwithdrawnthroughbankbranches.

"Ithas,therefore,decidedtowithdrawtheremainingolddesignnotesfromcirculation.Nothavingcurrencynotesinmultipleseriesincirculationatthesametimeisastandardinternationalpractice,"itsaid.

TheRBIwillcontinuetomonitorandreviewtheprocesssothatthepublicisnotinconveniencedinanymanner.

TheRBIhassofarshredded144.66croresuchnotesvaluedatRs52,855croresincethelaunchofthedrivetotakeoutthepre2005notesfromthecirculation.

Asperthelatestdata,73.2crorepiecesofRs100note(Rs7,320crore)51.85crorepiecesofRs500(Rs25,925crore),and19.61crorepiecesofRs1,000(Rs19,610crore)havebeenshreddedinthetheRBI'sregionalofficesfromJanuarytoOctoberthisyear.

ThebankshavealreadybeenaskedbytheRBInotissuepre2005seriesnotesoverthecounterorthroughATMs.

AsperRBI,thevolumeofthebanknotesprintedpriorto2005today,stillincirculation,isnotsignificantenoughtoimpactthegeneralpublicinalargeway.