RBI FAQ on withdrawal of Rs 500 and Rs 1000 Bank Notes Updated as on December 27, 2016)
Withdrawal of Legal Tender Character of the old Bank Notes in the denominations of Rs 500/- and Rs 1000/- (Updated as on December 27, 2016) 1. Why is this scheme introduced? The incidence of fake Indian currency notes in higher denomination has increased. For ordinary persons, the fake notes look similar to genuine notes, even… Read More »