Old Notes

However, before you take your soiled notes for exchange or deposition, do have a look at the kind of notes that this facility does not accept.

The officials expressed that the size and dimensions of the new Rs 100 notes will remain unchanged to avoid dispensing issues at automatic-teller machines (ATMs).

The Supreme Court has given the Narendra Modi government and the RBI two weeks’ time to come up with alternatives to the issue.

The President of India has approved the promulgation of Specified Bank Notes (Cessation of Liabilities) Ordinance, 2016. People holding more than 10 old notes will now face a penalty of Rs. 10,000, or five times the amount in excess of the allowance. Rakesh Dubbudu from Factly explores more.