Note Exchange News

Money

How and where you can exchange your damaged currency notes

You can walk into any bank branch, even if you are not a customer of that bank, to get your damaged notes exchanged

4 min read19 Sep 2018
Politics

Confiscated demonetised currency can be exchanged at RBI, banks: Centre

The centre said demonetised notes, if seized and produced in court before 30 December 2016, can be exchanged from the RBI and nationalised banks

1 min read1 Jun 2017
Industry

RBI closes window for Indians to deposit old notes; NRIs can exchange till 30 June

RBI has given an additional time period of three months to NRIs with a cap of Rs25,000 per individual to deposit their old notes of Rs500 and Rs1,000

2 min read31 Mar 2017
Industry

NRIs wait in RBI queues to deposit demonetised cash

Tempers ran high outside RBI branches as people were denied entry by guards on the grounds that they were not carrying the requisite documents for depositing cash

2 min read12 Jan 2017
Industry

NRIs can deposit demonetised notes till 30 June

External affairs ministry says Indian citizens who are not resident of India will be able to exchange demonetised Rs500 and Rs1,000 notes at RBI offices till 30 June

1 min read7 Jan 2017
Politics

RBI turns away people trying to exchange ₹500, ₹1000 notes

RBI says the 31 March deadline for note exchange is only for NRIs and Indians who were abroad during the 50 days of demonetisation

2 min read3 Jan 2017
Politics

Deadline to deposit old Rs500 and Rs1,000 notes ends today

People can still exchange old Rs500 and Rs1,000 notes at designated RBI counters till 31 March after giving valid reasons for not depositing the notes by 30 December

1 min read30 Dec 2016
Industry

RBI says no move to cancel Axis Bank licence over note exchange issues

RBI's clarification comes in the background after a regional newspaper reported that Axis Bank was likely to lose its banking licence

1 min read13 Dec 2016
Politics

Hawala operators exchanging banned notes raided by ED

Hawala operators were buying banned currency notes at a discount and converting these into legitimate money by depositing them into accounts in smaller cities and towns

1 min read30 Nov 2016
Industry

Demonetisation: Rules and revisions since 8 November

The Modi government and the RBI have since taken a slew of measures since the 8 Nov demonetisation announcement. Here's a guide

2 min read25 Nov 2016
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