WITHDRAWAL OF OLD SERIES OF BANKNOTES ISSUED PRIOR TO 2005: CONSOLIDATION OF INSTRUCTIONSSL.SUBJECTCIRCULAR NO.DATEWITHDRAWN/ IN VOGUE/ PARTIALLY APPLICABLE1234567

MUMBAI, India, June 9 -- Reserve Bank of India issued the following notification:

RBI/2026-27/108

DCM(Plg) No.S737/10.02.060/2026-27

June 09, 2026

The Chairman / Managing Director / Chief Executive Officer

All Banks

Madam/ Dear Sir,

Withdrawal of old series of banknotes issued prior to 2005: Consolidation of instructions

The Reserve Bank of India follows a policy of phasing out certain series of banknotes from time to time with a view to introduce banknotes with upgraded security features, in alignment with standard international practice of withdrawing old series banknotes. Accordingly, it was decided on January 23, 2014 that all old series of banknotes issued prior to 2005 would be completely withdrawn from circulation, and banks...