RBI:
RBI has updated its master instructions for banks to completely phase out currency notes printed before 2005 of public use by holding onto them whenever they are deposited and replacing them with newer notes. However, these are still valid, legal tender and have not been banned,
[Notification No. RBI/2026-27/108 DCM(Plg) No.S737/10.02.060/2026-27 dated 09.06.2026]
