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Rbi guidelines for notes before 2005




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23 Jan 2014 RBI has asked people to exchange currency notes, which do not display year of printing on the reverse side, with banks.5 Jan 2017 However, another RBI official said, “The authenticity of the pre-2005 notes has to be verified Banks must follow all the rules,“ Manjarekar said. 30 Jun 2016 Pre-2005 series of Banknotes - Revision of exchange facility These instructions have been specified in a Press Release dated June 30, 2016 (copy of public who may approach your branches for exchange of such notes. 30 Jun 2016 Press Releases. The Reserve Bank of India has observed that a major portion of the pre-2005 banknotes have been withdrawn from circulation and only a small percentage of these notes remains in circulation. The Reserve Bank has also clarified that these pre-2005 banknotes will continue to remain legal tender. 1 Jul 2016 No exchange of pre-2005 notes from today: RBI. Since January 2014, the RBI, through banks, has been withdrawing currency notes circulated prior to 2005. The central bank on Thursday said a large percentage of these notes have since been withdrawn, with only a small percentage still remaining in circulation. 19 Dec 2016 In a notification on June 30, RBI had said that a major portion of the pre-2005 banknotes have been withdrawn from circulation. On Monday, RBI clarified that except Rs 500 and Rs 1000 notes all other pre-2005 notes continue to be legal tenders. 20 Dec 2016 RBI: Banks have to accept deposits in pre-2005 notes But, in a circular issued in June this year, RBI had said a small percentage of these 26 Jan 2014 RBI decides to withdraw all pre-2005 currency notes from circulation. follow regular RBI guidelines i.e. if there are 5 or more fake notes in one Oct 25, 2018. Fire Audit of Currency Chests - Clarification, 69 kb. Sep 07, 2018. Amendments to Reserve Bank of India (Note Refund) Rules, 2009, 69 kb. Jul 05 India (RBI) has decided to withdraw from circulation all currency notes issued prior to 2005. From April 1, the Q: Will all notes before 2005 stop being money after April 1? A: No. The notes A: Banks will follow RBI guidelines. It says if there

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