Deadline to exchange pre-2005 currency notes ends on January 1

New Delhi Dec 22,
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 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.