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of <h1>RBI Extends Deadline for Exchanging Pre-2005 Banknotes to December 31, 2015; Notes Remain Legal Tender.</h1> The Reserve Bank of India (RBI) extended the deadline for exchanging pre-2005 banknotes to December 31, 2015, from the previous date of June 30, 2015. The RBI encourages the public to deposit or exchange these notes at their convenience, assuring that they retain their full value and remain legal tender. This move follows the introduction of the Mahatma Gandhi series notes, with most old notes already withdrawn. The RBI aims to streamline currency circulation, aligning with international practices, and will ensure the process is smooth for the public.
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