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Exchange Facility at RBI to continue: Withdrawal of Legal Tender Status of Rs. 500 and Rs. 1000

The Reserve Bank of India advises members of public that exchange of banknotes in Rs. 500 and Rs. 1000 denominations, whose legal tender status has been withdrawn, will continue to be available at the counters of the Reserve Bank upto the current limits per person as hitherto. (However such exchange facility is no longer available at other banks' counters).

RBI Press Release: 2016-2017/1317 Date : Nov 25, 2016

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