Rs 500 and 1000 notes Invalid from when, Which are new notes, How to exchange Rs 500 1000 Notes, From where can we change these notes
Rs 500 and 1000 notes Invalid from when, Which are new notes, How to exchange Rs 500 1000 Notes, From where can we change these notes
From midnight of 8th November, Rs 500 and Rs 1,000 notes will be considered invalid currency. Where can we submit them: Notes of Rs 500 and Rs 1,000 can be submitted to post offices and banks between November 10 and December 30th, 2016.
When will new notes comes, What Happens to old Notes, Where to exchange
- RBI would issue new Rs 500 and Rs 2,000 notes. Those who fail to meet deadline can submit the notes at the RBI by providing a declaration. For the next 72 hours special arrangements have been made to accept Rs 500 and Rs 1,000 notes at hospitals, airports, railways stations, petrol bunks.
-
There is 50 days time to exchange / deposit your old notes in banks / post office and lower denomination notes and coins will remain legal tender.
-
Emergency requirements have been taken care of like petrol , diesel and CNG stations authorised by public sector companies, milk booths, crematoriums, and government co-operative stores will accept these notes will 72 hours that is till 11th November.
-
Old notes can be deposited in banks or post offices from Nov 10 to Dec 30 till close of banking hours.
-
Withdrawal of new notes will be limited to Rs 10,000 per day and Rs 20,000 per week initially so use your credit/debit card to shop.