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CBN Requirements Code/Guidelines to Deposit Old Naira Note at CBN Branches

This article contains CBN Requirements Code/Guidelines to Deposit Old Naira Note at CBN Branches. Central Bank of Nigeria has yesterday declared the old N200, N500 and N1000 are no longer recognized as legal tender, despite a Supreme Court ruling.

Note better, The currency structure comprises of three coin denominations (50k, ₦1, and ₦2), eight banknote denominations (₦5, ₦10, ₦20, ₦50, ₦100, ₦200, ₦500 and ₦1000) and Central Bank Digital Currency (eNaira).

CBN Requirements to Deposit Old Naira Note

The accepted requirements are the reference code generated from the CBN portal, an active bank account, Bank Verification Number, BVN, and a valid government identity card.

How to generated CBN Reference code from the CBN portal

Generate your reference code generated from the CBN portal. Check here – CBN Link Portal

Central Bank of Nigeria (CBN) Guidelines to Deposit Old Naira Note at CBN Branches

  1. Visit the CBN website and fill an online form to generate a code or go along with the money to the nearest CBN branch in your state to obtain the form and fill. CBN Link Portal
  2. Go along with any means of federal government recognised identification card such the national identity card, voter card or driving licence.
  3. A teller would be issued to you at the CBN branch and the old notes will be collected and deposited into your accounts. The operation starts from 9am to 2pm, from February 15 to 17.
  4. The advice added that the Cash Deposit Window is open to the public from today until Friday between 9am to 2pm daily.

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Blessed Vitus is the Founder and a Publisher at Efficiencyview.com. A seasoned online Publicist and a Geologist

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