RBI has issued the press released as on 3rd March 2014 and extended the date of exchanging the currency note to 1st January 2015. It is also informed that majority of notes which was issued prior to 2005 are already been withdrawn through banks and only a limited number of notes remain with the public.
It is also confirm by the RBI that public can freely use these notes as it is still remain the legal tender. The date is extended for the convenience of the public.
Earlier the RBI had issued a press released and informed that form 1st April 2014 public are required to approach the banks and exchange the notes which were issued prior to 2005.
Now RBI has given the further time of nine months for exchanging the note from banks.