<![CDATA[The government has announced that exchange of the now defunct Rs. 500 and Rs. 1,000 notes for other currency will continue at RBI counters. The exercise of exchanging the Rs 500 and Rs. 1,000 came to an end on Thursday midnight. Old defunct notes will necessarily have to be deposited in bank accounts. The RBI in a statement said that, “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members of public that exchange of banknotes in Rs. 500 and Rs. 1,000 denominations, whose legal tender status has been withdrawn, will continue to be available at the counters of the Reserve Bank up to the current limits per person as hitherto”. Recently the limit to exchange these notes was set at Rs. 2,000 per person. ]]>
