Use old Rs 500 and Rs 1000 again!


New Delhi: Good news for all those who missed the chance to exchange their old currency, if reports to believed, Reserve Bank of India may allow citizens to deposit their scrapped Rs 500 and Rs 1,000 banknotes but with a condition that exchange would be for a limited sum.
RBI has been receiving queries and requests from people who failed to deposit all their scrapped notes within the deadline, seeking relief, sources said.
This time exchange amount could as small as Rs 2,000… the issue is being looked into and another window for the genuine people,” the source said.
Many people were discovering scrapped notes tucked away somewhere. Interestingly, one of the queries which RBI received was from a person who found a Rs 1,000 bill in a book.
If exchange window opens this would be only for smaller sums and for a limited period so that it could not be misused

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