Wednesday, January 27, 2016

RBI extends deadline to exchange pre-2005 notes to June 30

  • Reserve Bank today extended the deadline for exchanging pre-2005 currency notes of various denominations, including Rs 500 and Rs 1,000, by another six months to June 30, 2016.
  • The Reserve Bank had, in June 2015, set the last date for public to exchange pre-2005 banknotes notes as December 31, 2015.
  • RBI, on a review, decided to extend the date for the public to exchange their pre-2005 banknotes till June 30, 2016

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