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    <title>Withdrawal of Legal Tender Character of the Old Bank Notes in the denominations of 500 and 1000 and The Specified Bank Notes (Cessation of Liabilities) Ordinance 2016 (Updated as on February 17, 2017)</title>
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    <description>The Specified Bank Notes ceased to be RBI liabilities under the Specified Bank Notes (Cessation of Liabilities) Ordinance 2016; limited exchange/deposit facilities were provided for eligible persons absent during the initial exchange window subject to KYC, verification and passport identity requirements, with penalties for false declarations and restrictions on holding, transferring or receiving SBNs except for minimal amounts for study or numismatics.</description>
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