How do I change 500 old notes now?

In order to sell the old Rs 500 notes online, visit the website oldindiancoins.com. Now register yourself as a seller. After registering yourself you need to upload the photo of your 5 rupees note on the website.

What do you do with torn notes Quora?

Soiled notes and torn notes can be exchanged in any nearest bank as per Note Exchange Policy of Reserve Bank of India.

Which paper is used for printing Indian currency?

The paper currently being used for printing of banknotes in India is made by using 100\% cotton.

What happens if I withdraw an Indian rupee without a date?

If you have any Indian rupee banknote without a year of issue printed on the back: These Indian rupees without date on the back are no longer a valid means of payment in India or Bhutan. We exchange all withdrawn Indian Rupee banknotes free of charge. We also give cash for current Indian Rupee banknotes.

What is the date on the back of a discontinued rupee?

These discontinued Rupee bills have no year of issue printed on the back side. If you have any Indian rupee banknote without a year of issue printed on the back: These Indian rupees without date on the back are no longer a valid means of payment in India or Bhutan.

What is the history of the Indian rupee?

The current rupee owes its origin to rupiya, issued by Sher Shah Suri in 1540-45. Today, the Reserve Bank of India issues currency under the RBI Act 1934. BookMyForex traces the History of Indian rupee from the Sher Shah Suri era to now. Sher Shah Suri issued a Silver coin which was in use during the Mughal period, Maratha era and British India.

When was the demonetisation of 500 rupees taken in India?

On 8 November 2016, the Government of India announced the demonetisation of ₹ 500 and ₹ 1,000 banknotes with effect from midnight of the same day, making these notes invalid. A newly redesigned series of ₹ 500 banknote, in addition to a new denomination of ₹ 2,000 banknote is in circulation since 10 November 2016.