NEWS & ADVICE : FIXED DEPOSITS
Last date to exchange pre 2005 notes 1st January 2015
By Neelima Shankar
Dec 22, 2014
Print    Email    RSS   

It has been reported that only 11 days are left to exchange your old currency notes. RBI has asked to exchange the notes of all the denominations prior to the year 2005 with the bank. The Last date to exchange the notes is 1st January 2015.

The notes printed after 2005 are being enhanced with the security features that will help to reduce the fake currency frauds, therefore all the notes of 2005 and before are being asked to exchange. The notes of after 2005 have the printing of them, at the bottom of the note on the reverse side.

The banks have already been asked by the RBI not issue pre-2005 series notes over the counter or through ATMs. However RBI has stated that the notes will still retain their legal tender status and the public can continue to use these for any transaction.


(Comments Posted : 0) Post Your Comments
Show All Comments
COMPARE QUICKLY
 Select a product:
 

CALCULATE QUICKLY
 Select a product:
 

EDITORS' PICKS
For what purpose do you want to invest in...
Things to know before retirement
Carnival of Indian Personal Finance Blogs #2
Fetch higher interest rate on your savings...
Plan your tax, don’t evade it


My FD type SBI is STD-GEN-PUB-SRC-8Y10Y-INR.There...
NANGAL: CaℒL Giℛℒ In Una 09855660911 Escoℛt...
Chandigarh@CaℒL Giℛℒ In Rajpura +O9855660911...
If I invest 100000 rupees deposit for 2 year , how...

NEWS THIS WEEK
Federal Bank launched V connect for its customers Feb 12, 2015
Andhra Bank on expansion mode Feb 11, 2015
Dena Bank earned a profit of 13%. Feb 9, 2015
Banks expected to cut down the rates Feb 5, 2015
RBI kept the rates unchanged Feb 4, 2015
News Archive