Delhi HC: Non-Proof of Hearing Notice Dispatch Doesn’t by Itself Show no Personal Hearing Was Given || Delhi High Court: No Construction or Residence Allowed on Yamuna Floodplains, Even For Graveyards || J&K High Court: Right to Speedy Trial Includes Appeals; Closes 46-Year-Old Criminal Case Due to Delay || J&K High Court: Courts Must Not Halt Corruption Probes, Refuses to Quash FIR || J&K&L HC: Matrimonial Remedies May Overlap, But Cruelty Claims Cannot be Selectively Invoked || Delhi High Court: Customs Officials Acting Officially Cannot be Cross-Examined as of Right || J&K&L HC: Second Arbitral Reference is Maintainable if Award is Set Aside Without Deciding Merits || J&K&L HC: Gold Voluntarily Given to Customer is 'Entrustment'; Theft Excluded from Insurance Cover || Delhi HC: Working Mothers Cannot be Forced to Bear Full Childcare Burden While Fathers Evade Duty || J&K&L HC: Arbitral Tribunal Not a “Court”; Giving False Evidence Before it Doesn’t Attract S.195 CrPC

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 :