Topyaps Logo

Topyaps Logo Topyaps Logo Topyaps Logo Topyaps Logo

Topyaps menu

Responsive image

Only A Few Days Left To Exchange Your Pre-2005 Currency Notes (They Won’t Be Valid After June 30)

Updated on 23 June, 2016 at 1:36 pm By

Do you have currency notes which were issued pre-2005? Then you must read this. Less than 10 days are left to exchange pre-2005 currency notes, including those of Rs 500 and Rs 1,000 denominations at banks, as the deadline ends on June 30, reports NDTV.

Why do we need to exchange them? Technically they look fine but the Reserve Bank of India (RBI) has said that it wants to remove pre-2005 notes from the market because they have fewer security features. Post-2005 notes have added security features and help in curbing the menace of fake currency.


Advertisement

 

Point taken. So, how do we recognize if the notes were issued before 2005? There is a very simple method for that. Pre-2005 notes do not have the year of printing mentioned on their reverse side. In notes issued post-2005, the year of printing is visible at the bottom.



 

Pre-2005 Note

 

Post-2005 Note

How do we exchange them?  We can exchange the pre-2005 notes for their full value at a bank branch near us. The deadline is till 30 June.

 

And, what will happen if we don’t exchange them? If you ignore this, then don’t complain later about nobody taking your pre-2005 notes as currency. So, hurry!


Advertisement

 

Advertisement

Latest Stories

Sayani Gupta: From Supporting To Lead Roles, Here’s A Look At The Journey of Sayani

Sayani Gupta: From Supporting To Lead Roles, Here’s A Look At The Journey of Sayani


We Bet These Psychology Facts Will Leave You Psyched

We Bet These Psychology Facts Will Leave You Psyched


If Antilia Is Your House Of Envy, Add The Isha Ambani Mansion Gulita on Your List too

If Antilia Is Your House Of Envy, Add The Isha Ambani Mansion Gulita on Your List too


A Look At The Royal Life And Times of Gayatri Devi

A Look At The Royal Life And Times of Gayatri Devi


On Dr. Vikram Sarabhai’s 100th Birth Anniversary, Here’s Some Interesting Trivia About His Life and Times

On Dr. Vikram Sarabhai’s 100th Birth Anniversary, Here’s Some Interesting Trivia About His Life and Times


Advertisement

Most Searched

More From Business

Popular on The Web