How to identify pre 2005 currency notes
Identifying Pre 2005 Currency Notes: Currently the Reserve Bank of India prints currency notes in the denomination of Rs. 5, Rs. 10, Rs. 20, Rs. 50, Rs. 100, Rs. 500 and Rs. 1,000. All the notes printed before the year 2005 do not have the year of printing marked on it. All currency notes printed post 2005 have is year of printing clearly printed in the middle of the bottom row on the backside of the note. If your bank note has no year of printing on the back, it means the note is printed before 2005 and needs to be exchanged with the bank as per the RBI deadline. All notes with the year of printing indicated on the currency note would stay in operation as all of them are posted after 2005. more
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Right. But RBI Governor yesterday made a statement that all notes shall continue to be legal tender. This is only a way to eliminate these notes which was a regular exercise done through notification to banks and this time they have told the public. What is the meaning of this statement ? We need not necessarily exchange the notes ? more
Jan 25
