Banking News

Exchange of pre-2005 bank notes extended


RBI on its communique dated February 11,2016 informed that the date for exchanging the pre-2005 banknotes is extended up to June 30,2016. Since these banknotes will be withdrawn from the circulation the members of public were requested by the Apex bank to exchange such notes at identified bank branches or issue branches of RBI. Banks were advised to facilitate the exchange of such notes without causing any inconvenience to the public, whatsoever.

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