The Reserve Bank of India (RBI) has extended the date to exchange pre-2005 notes till June 30, 2015 from January, 1, 2015, on Wednesday.
Earlier, the RBI has issued notes to exchange by January 1, 2015 as it withdrawing pre-2005 notes from circulation.
However, the bank in its recent release said that notes will continue to remain a legal tender and can be exchanged against full value.
It is noteworthy that, pre-2005 notes can easily be identified by checking date on the riverside of the note. All the notes post-2005 carry date back side on the note, easy to track.
Since the launch to phase out the pre-2005 notes from the circulation, RBI has so far shredded 144.66 crore such notes valued at Rs 52,855 crore.