Supreme Court: Marking a Document as an Exhibit Does Not Prove its Contents  ||  Supreme Court: Unpaid Consideration Alone Does Not Invalidate a Sale Deed  ||  Bombay HC: Questioning Other Varsities' Degrees Could Cause 'Anarchy and Chaos' in Education System  ||  Allahabad High Court: Regularization Claim Survives Employee’s Death Through Legal Heirs  ||  Allahabad HC: Advocates Failing AIBE Within 2 Years of Provisional Enrolment Can’t Continue Practice  ||  Bombay High Court Directs BCI to Scrutinise and Clear Pending Law College Affiliation Approvals  ||  J&K HC: Circulating WhatsApp Message on Local COVID Cases Does Not Attract Section 505 IPC  ||  Supreme Court: Non-Signatory Can Be Bound By an Agreement if Involved in Performing the Contract  ||  Supreme Court: 'Washed-Off Theory' Inapplicable in Assessing Employee Retention Suitability  ||  SC Directs States/UTs to Grant Ex-Servicemen Quota to Cadets Disabled 40% or More in Training    

Withdrawal of all old series of Banknotes issued prior to 2005- (Reserve Bank of India) (23 Dec 2015)

MANU/RDCM/0009/2015

Banking

The Reserve Bank of India has extended the date by which pre-2005 banknotes are to be exchanged to 30 June, 2016. An earlier notification had set 31 December, 2015 as the last date. The exchange facility will however be restricted to select bank branches after 1 January, 2016.

A majority of bank notes from the previous ‘Mahatma Gandhi series’ have been taken out of circulation. It is standard international practice to not have currency notes from multiple series in simultaneous circulation.

Relevant : Pre-2005 Banknotes can be exchanged up to June 30, 2016 MANU/RPRL/0265/2015 Withdrawal of all old series of Banknotes issued prior to 2005 MANU/RDCM/0003/2015

Tags : BANKNOTES   OLD SERIES   2005   WITHDRAWAL  

Share :        

Disclaimer | Copyright 2026 - All Rights Reserved