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Wednesday, January 29, 2014

Pre-2005 notes valid for transaction till March:RBI

Mumbai, Jan 28 (PTI) Reserve Bank today said all pre-2005 currency notes can be used for commercial transaction only till March 31 but could be exchanged at banks even after this deadline.

"All older series of banknotes issued prior to 2005 would be acceptable for all kinds of monetary transactions only till March 31, 2014," RBI said in a notification.

Thereafter, it said, the public will be required to approach bank branches for exchange of such currency on an ongoing basis.

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