Banks Cannot Refuse Customers Depositing Pre-2005 Notes
Tuesday, December 20, 2016, 9:49 AM
Reserve Bank of India, has announced that banks can’t refuse customers depositing pre-2005 notes, including scrapped 500 and 1000 rupee notes. RBI has also instructed banks not to reissue these notes. This announcement has been made by the RBI, after receiving complaints and queries from the public, that banks are not accepting pre-2005 banknotes.