In January, 2014 Reserve Bank of India (RBI) has announced the decision to withdraw from circulation all currency notes printed prior to 2005 by March 31, 2014. On March 03, 2014 RBI has extended the date of exchanging the pre-2005 bank notes to January 01, 2015. The aggregate number of bank notes of ₹ 100, 500 and 1000 denominations of pre-2005 series, shredded in the Regional Offices of RBI from January 2014 to June 2014 are as under:

Denomination	No. of pieces	Amount (Rs.)
₹ 100	30,10,60,606	30,10,60,60,606
₹ 500	10,98,98,954	54,94,94,77,000
₹ 1000	6,18,30,724	61,83,07,24,000

RBI has already been withdrawing bank notes printed prior to 2005 from the market in a routine manner through banks. The withdrawal of pre-2005 bank notes has been going on smoothly.

This information was given by the Minister of State for Finance, Smt. Nirmala Sitharaman in written reply to a question in Lok Sabha today.

Withdrawal of pre-2005 currency notes extended; routine bank recall and systematic destruction continue under exchange arrangements. Withdrawal of pre-2005 series banknotes required banks to remove those notes from circulation, with an announced deadline later extended; banks facilitated exchange and surrender while regional offices carried out systematic shredding of withdrawn Rs. 100, Rs. 500 and Rs. 1000 notes.