RBI to withdraw Pre 2005 currency notes to curb Black Money #ChartAcc

Wednesday, January 22, 2014

ChartAcc.com - Good step by RBI to curb and bring back Black Money.
RBI to withdraw Pre 2005 currency notes to curb Black Money #ChartAcc by Vikrmn photo CA Vikram Verma
RBI to withdraw Pre 2005 currency notes to curb Black Money
#ChartAcc by Vikrmn photo CA Vikram Verma
 
Reserve Bank of India decided to withdraw all currency notes issued prior to 2005. From 1 April 2014, the public will be required to approach banks for exchanging these notes. Notes issued prior to 2005 have not got year of printing on the reverse side. 
 
From July 01, 2014, non-customers  exchanging notes INR 500 and INR 1,000 rupee notes (more than 10 pieces) will be required to furnish proof of identity and residence.

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