If you still have enough of the Old Naira Notes with you such as 500, 1,000 domination and you want to find the nearest CBN office to deposit your Old Naira Notes and want CBN Link For OLD Naira Notes get credited with New Naira Notes or to your Bank account. You do not need to go to CBN branch in your state to deposit the Old Naira Notes anymore, you can do that in your nearest bank by just filling the CBN old naira notes depositing Form that you can download online. Here is CBN Link For OLD Naira Notes To Other Banks In Nigeria.
Is CBN Still Collecting Old Naira Notes? (What Did CBN Say About The Old Naira Note)
Yes, CBN (Central Bank of Nigeria) is still collecting Old Naira Note but due to the inconvenience and crowd that overcrowd the CBN Offices, CBN say that bank can start accepting deposit of Old Naira Note of 500 naira, 1,000 naira but depositor must summit the CBN tracking depositor form.
In this tutorial guide, we will give you CBN Link For OLD Naira Notes To Other Banks In Nigeria and show you how to fill the form and deposit your old naira notes to any bank near you.
How To Generate CBN Reference Code?
Before you can generate CBN Reference Code, you have to register and fill the CBN depositor form. Please note that deposits to either CBN or your bank can ONLY be done ONCE.
That is you can not constantly deposit Old Naira Notes for any other person with your details again.
So, you have to gather up all your Old Naira Notes and follow the process we will show you in the next section.
In order for Nigerians to easily deposit old naira notes in any bank nearest to them, Central Bank of Nigeria launch a web portal (CBN deposit Portal) which depositor can fill online to generate reference code and print the tracking form to their bank to accept old naira notes.
Content Inside
The CBN depositor portal is call Currency Redemption Service (CRS) and can be access online with the public CBN Link as crs.cbn.gov.ng
CBN Currency Redesign – Cash Return Portal
On this page, you can get started to track your Old Naira Deposit status (progress) after you might have created account or you can generate reference code to deposit your old naira notes.
Fill in the form with your own correct details (if you are the one that want to deposit the money).
Bank Account Number.
Bank Account Name.
Bank Name.
Depositor Phone Number.
Depositor Address.
Depositor Email Address.
Old Naira Note Denomination.
Total Deposit.
Bank Verification Number (BVN).
Depositor Type (Corporate or Individual).
Fill in this details correctly and click on generate reference code.
To complete this process, the CBN said that the ‘condition for redemption of currency’ must be met.
How Many Time Can I Deposit Old Naira To CBN or Bank
Please note that deposits to either CBN or your bank can ONLY be done ONCE.
Pros And Cons of Depositing Old Naira Notes
“A depositor shall not be entitled to recover from the bank the value of any mutilated or imperfect notes,” the notice added.
“The circumstances under which such notes may be refunded ex-gratia shall be within the absolute discretion of the bank; Depositors can check the status of transactions on the portal here; Transactions would be concluded within a minimum of three working days. All deposits will be treated in accordance with the relevant laws.”
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