In January, 2014 Reserve Bank of India (RBI) has announced the decision to withdraw from circulation all currency notes printed prior to 2005 by March 31, 2014. On March 03, 2014 RBI has extended the date of exchanging the pre-2005 bank notes to January 01, 2015. The aggregate number of bank notes of Rs. 100, 500 and 1000 denominations of pre-2005 series, shredded in the Regional Offices of RBI from January 2014 to June 2014 are as under:
Denomination No. of pieces Amount (Rs.)
Rs. 100 30,10,60,606 30,10,60,60,606
Rs. 500 10,98,98,954 54,94,94,77,000
Rs. 1000 6,18,30,724 61,83,07,24,000
RBI has already been withdrawing bank notes printed prior to 2005 from the market in a routine manner through banks. The withdrawal of pre-2005 bank notes has been going on smoothly.
Denomination No. of pieces Amount (Rs.)
Rs. 100 30,10,60,606 30,10,60,60,606
Rs. 500 10,98,98,954 54,94,94,77,000
Rs. 1000 6,18,30,724 61,83,07,24,000
RBI has already been withdrawing bank notes printed prior to 2005 from the market in a routine manner through banks. The withdrawal of pre-2005 bank notes has been going on smoothly.
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