How to identify notes issued prior to 2005

In an effort to completely wipe out black money from the country, the Reserve Bank of India has taken a stern measure. It has decided to withdraw all currency notes issued before 2005 from the economy. All notes with denomination Rs. 5, Rs. 10, Rs. 20, Rs. 50, Rs. 100, Rs. 500 and Rs. 1,000 comes under the ambit of this announcement.

But, with the declaration of this news, common public has gone into a haywire and is a bit confused about the use of such notes. Different questions are arising in the mind like how to identify the notes issued prior to 2005? Or How to exchange the existing currency notes that are already lying?

Reading this piece, you will be able to solve all your queries related to the currency notes issued prior to 2005

All the notes that are issued before 2005 do not have the year of issue printed on it. Take a note, turn it’s back and look at the bottom of the note. You will see the year printed on it. To make things easier for you, I have given the pic below(see the circled area) which which shows the year 2011 printed at the bottom of it. 

If you find that there is no year printed ,or the year is prior to 2005, then you need to exchange your note as soon as possible.

The next obvious question that will arise in your mind is “Where will I exchange my old currency notes?”

Do not panic, if you have a note prior to 2005. As per a press release by Reserve Bank of India – You can exchange your notes at any of the banks after 1^st April, 2014. Both the private as well as public sector banks will have a dedicated exchange where you can exchange your old currencies with the new ones. Remember, if you have a stock of old notes lying with you, make sure that you exchange them within 30^th June,2014.