Wednesday, January 22, 2014

RBI TO Withdraw All Pre 2005 Currency Notes

The Reserve Bank has issued before the year 2005 to withdraw all notes. the Bank has the reason. but it is believed that to curb fake vigil on crime record and note this step has been raised through these activities after the long notes. injury is delivering the Central Bank arranged by law yet Quad might try to ban these.

RBI Chair's statement released on Wednesday that after March 31, 2014 notes issued before year 2005 will be closed April of a people through my old notes, banks will be able to change these notes can easily locate people because there are notes on the last year of the initial release is printed on it on the other side is printed in small letters at the bottom in the Middle From the year 2005 is the Reserve Bank introduced notes on printing. i.e. the notes printed on the year to all change.

The Reserve Bank said that people do not need to panic, they help the process of return. all old notes will continue to be valid and it will be changed from any bank. all banks RBI Chair has special feature is directed to provide a RS. 1,000 and 500 bucks after July 10 and note on proof of identity and address you would give banks. from year 2005 To be released in a series of special notes. its because they are hard copy. currently RBI Chair five, 10, 20, 50, 100, 500 and 1000 rupees notes.