Saturday 22 February 2014

RESERVE BANK OF INDIA (RBI) HAS ANNOUNCED THE DECISION TO WITHDRAW FROM CIRCULATION ALL CURRENCY NOTES PRINTED PRIOR TO 2005

NEW DELHI, FEB 22, 2014: THE Reserve Bank of India (RBI) has announced the decision to withdraw from circulation all currency notes printed prior to 2005. It is a standard international practice to withdraw old series of banknotes from time to time. The reason for withdrawal of banknotes printed prior to 2005 is to remove them from the market as they have fewer security features compared to banknotes printed after 2005. 
http://www.icaclasses.com/newsEvents.aspx?Page=1

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