One-thousand-five-hundred-note-banned-t

one. Hold relaxed: you have fifty days time to exchange / deposit your old notes in banking institutions / publish business office and reduce denomination notes and coins will stay legal tender. two. Unexpected emergency demands have been taken care of. · Some leeway has been offered by the government for use of these notes for health-related emergencies and so forth. For 1st seventy two hrs from Nov 8 midnight i.e. until 11 Nov midnight govt hospitals will acknowledge these previous notes, pharmacies in authorities hospitals will take these notes with Doctor’s prescription. · Previous notes will be acknowledged for railway ticket reserving and air travel reserving for the initial 72 hours. · Moreover, For seventy two hours previous notes will be recognized at petrol , diesel and CNG stations authorised by community sector companies, milk booths, crematoriums, and authorities co-operative shops new currency note . 1000 note banned · Worldwide airports will make arrangements for arriving travellers to trade up to Rs 5000 worth of previous notes for the new legal tender. · No restriction on digital fund payments or transfers such as credit and debit cards 3. Accumulate all the currency kept in a variety of locations: (i) Wallets (ii) In the property –drawers/safes. (iii) From your lockers in financial institution if any are kept there. Collecting from bank would be attainable soon after banking companies open up for community dealing as banking institutions will be shut for public working on November nine, 2016. four. Different and consider out the Rs five hundred and Rs 1000 notes from these. why notes banned Count and create down the whole. Preferably make bundles of 50, a hundred and a couple of bundles totalling to the quantity that is allowed to be exchanged in the preliminary times. 5. Prepare for long queues at financial institutions and publish workplaces from Nov ten onwards. From November 10 to 24 previous notes upto Rs 4000 in worth can be exchanged. Following Nov twenty five this limit will be elevated. You require to take your ID playing cards along. 6. Previous notes can be deposited in banks or put up offices from Nov ten to Dec 30 till near of banking several hours. 7. Withdrawal of new notes will be restricted to Rs 10,000 for each day and Rs twenty,000 per 7 days to begin with so use your credit/debit card to store. eight. If you really don't control to deposit all your outdated notes by Dec 30 you nevertheless have a window. You can exchange aged notes at selected workplaces of the RBI following distributing a declaration sort and showing your ID card up to 31.three.2017. 1000 note banned nine. Preserve a list of the serial quantities of the notes submitted /exchanged at banking institutions as the RBI has introduced that the accepting bank/post places of work will hold keep track of of these. 1000 note banned in india Very plainly the earnings tax section will be taking a look at who is submitting how a lot so exchange only the sum you are willing to describe to the tax division. Read through A lot more :Rs 500 | Rs a thousand | Narendra Modi | Currency | Black MoneyCommentsAdd Your CommentsNEXT STORYRELATED VIDEORBI to flow into new five hundred, 2000 currency notesMore From Private Finance NewsRs 500, Rs one thousand notes are no lengthier legal tender: What you require to know and doRs 500, Rs 1000 notes are no for a longer time lawful tender: What you need to know and doPFRDA asks Pension Advisory Committee to examine comforting forty pc annuity ruleSpeedy implementation of UP RERA demanded by Noida property buyersFreehold property problem to be taken up by Noida's RWA federationFor house tax recovery, Pune Municipal Corporation forms a special team'Platinum Plus' ULIP for HNIs, courtesy Canara HSBC OBCNo environmental clearance for Bangalore Development Authority's mega housing projectBank of Baroda cuts MCLR price by 10 bps across tenorsInterest costs on house loans slashed by huge lendersPSU banking companies lent virtually double of non-public financial institutions in Q1 of 2016Get a QuoteBrowse