Exchange pre-2005 currency notes before Jan 1
People have only 11-days left to exchange currency notes of various denominations, including 500 and 1,000, which were printed before 2005. The deadline for exchanging the pre-2005 notes is January1, 2015.
The Reserve Bank of India has so far shredded over 144 crore such notes valued at 52,855 crore rupees since the launch of the drive to take out the pre-2005 notes from the circulation. Post-2005 notes have added security features and help in curbing the menace of fake currency.
Currency notes issued before 2005 do not have the year of printing on the reverse side. In notes issued after 2005, the year of printing is visible at the bottom on the reverse. The banks have already been asked by the RBI not issue pre-2005 series notes over the counter or through ATMs.