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Pre-2005 currency can be exchanged at any bank
Pre-2005 currency can be exchanged at any bank, pre-2005 currency notes, currency notes Exchange. Thereafter, people would have had to produce identity proof to exchange more than 10 notes of Rs 500 and Rs 1,000.
New Delhi : You can walk into any bank to get your pre-2005 currency notes, including Rs 500 and Rs 1,000 denominations, exchanged till January 1, 2015, following a Reserve Bank directive asking banks to help the public get rid of old currency notes.
There is no limit on the number of notes that can be exchanged. RBI has decided to withdraw the pre-2005 currency notes from circulation and asked the holders of such currency to exchange them by January 1, 2015. The earlier deadline was June 30.
Thereafter, people would have had to produce identity proof to exchange more than 10 notes of Rs 500 and Rs 1,000.
In the recently released FAQs, the RBI said: "Banks have been advised to freely provide this exchange facility to all members of public, whether customer or non-customer."
