Exchange of banned notes is ended on 31st March. With regard to Note ban, emotions run high outside RBI as exchange deadline ends. Old notes can't be exchanged as they have no value now. PM Modi announced Rs 500 and Rs 1,000 notes ban on 8th November and exchange in banks was accepted till 31st December where as it is continued to accept in few branches of RBI till 31st March. This period has been extended to June only for NRIs with a limit of Rs 25,000 exchange.