Respected Members,

Recently, RBI has extended the revised date of January 1, 2015 to Exchange Pre-2005 Notes by granting an additional nine months for the public to exchange currency notes printed before 2005 including Rs.500 and Rs.1,000 denominations, and set a deadline of January 1, 2015.

"RBI has also advised banks to facilitate the exchange of these notes for full value and without causing any inconvenience whatsoever to the public," the central bank said in a release.

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