At the time of Demonetisation, a new initiative by the Government of India to tackle the problem of corruption, blackmoney etc., the public were advised to deposit old currency notes with the RBI with declaration upto ____________ ?

31st March, 2017

The correct answer is option (3) : 31st March, 2017

Demonetisation was a new initiative taken by the Government of India in November 2016 to tackle the problem of corruption, black money, terrorism and circulation of fake currency in the economy. Old currency notes of Rs 500, and Rs 1000 were no longer legal tender. New currency notes in the denomination of Rs 500 and Rs 2000 were launched. The public were advised to deposit old currency notes in their bank account till 31 December 2016 without any declaration and upto 31March 2017 with the RBI with declaration.