How do I know if the rupee note I have is pre-2005?
These notes can be very easily identified. Check the back (reverse) side of the currency note. All the post-2005 notes have the year of issue printed in the middle of the bottom row. The pre-2005 notes do not have this feature.
Which denomination of notes will be affected?
The phasing out is not restricted to any particular denomination of notes. The pre-2005 notes of all denominations will be phased out by the central bank after 31 March. So all notes, from Rs 5 to Rs 1,000 will be taken out of circulation.
What should I do if I have such notes?
Where and by when can I exchange these notes?
What happens if I am not able to meet the deadline?
Can a shopkeeper or bank refuse to take a pre-2005 note?
What if the notes I take for exchanging at the bank turn out to be fakes?
Click Here to read the full article in Economic Times
Click Here to read the RBI Circular
One thought on “Phasing out of old currency notes”
How to identify pre-2005 Notes https://in.finance.yahoo.com/news/identify-pre-2005-currency-notes-125020187.html