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Old notes can be exchanged in RBI
Updated : Nov 25, 2016
With banks not exchanging the old Rs.500 and Rs.1000 notes any longer, the Reserve Bank of India has come up with another option for the general public to change their money. "The Reserve Bank of India advises members of public that exchange of banknotes in Rs 500 and Rs 1,000 denominations, whose legal tender status has been withdrawn, will continue to be available at the counters of the Reserve Bank up to the current limits per person as hitherto", the central bank said in a statement. The RBI said the facility of exchanging demonetised currency notes "is no longer available at other banks' counters. Only Rs.2000 can be exchanged per person.