Withdrawal of the legal tender character of the existing and any older series banknotes in the denominations of ₹ 500 and ₹ 1000

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..... ries banknotes in the denominations of ₹ 500 and ₹ 1000 1. Attention of Authorised Persons is invited to the Government of India Notification published in the Gazette of India vide S.O.3408(E) dated November 08, 2016 , according to which the legal tender character of the existing and any older series banknotes in the denominations of ₹ 500 and ₹ 1000 stands withdrawn w .....

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..... s. 4. The directions contained in this circular have been issued under Section 10(4) and Section 11(1) of the Foreign Exchange Management Act, 1999 (42 of 1999 ) and are without prejudice to permissions / approvals, if any, required under any other law Yours faithfully, (Shekhar Bhatnagar) Chief General Manager-In-Charge - Circular - Trade Notice - Public Notice - Instruc .....

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