2005 currency Cutoff Effect On Blackmoney

[Vikram]

After The Decision Of RBI on 2005 Currency I think is Is Good Decision Thats Fully Effect On Black money Because Mostly Currency Out Of India And Store In Various Palace like Swiss bank, After this Action Sure it is Come To india Otherwise Destroyed And useless in stored Palace, and Parmanant Blocked After A fix Time like 6 Month Because Runing Currency Only 1% In india .hya


How to identify currency notes issued prior to 2005
Before 2005 : No any Year Showing

After 2005 : year Showing

exchange the notes in bank
The banks will begin the process of exchanging the notes from April 1. However From July 1, 2014, persons seeking exchange of more than 10 pieces of Rs 500 and Rs 1,000 notes will have to furnish proof of identity and residence to the bank.

 

[piinku1]

i don't agree.
Even rbi governer may have black money in foreign banks.

 

[Devesh]

Not possible