RBI to withdraw all pre-2005 currency notes Mumbai, Jan 22 The Reserve Bank today decided to withdraw all currency notes issued prior to 2005, including Rs 500 and Rs 1,000 denominations, after March 31 in a move apparently aimed at curbing black money and fake currencies. After March 31, 2014, it (RBI) will completely withdraw from circulation all bank notes issued prior to 2005. From April 1, 2014, the public will be required to approach banks for exchanging these notes, the RBI said in a statement.
Posted on: Wed, 22 Jan 2014 14:01:29 +0000