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one. Preserve tranquil: you have 50 days time to trade / deposit your outdated notes in banking institutions / put up business office and decrease denomination notes and coins will remain lawful tender. two. Crisis requirements have been taken treatment of 500 note discontinued . · Some leeway has been presented by the authorities for use of these notes for medical emergencies etc. For very first seventy two several hours from Nov 8 midnight i.e. till eleven Nov midnight government hospitals will acknowledge these previous notes, pharmacies in govt hospitals will take these notes with Doctor’s prescription. modi note ban · Old notes will be accepted for railway ticket reserving and air vacation booking for the first seventy two several hours. · Furthermore, For 72 several hours outdated notes will be recognized at petrol , diesel and CNG stations authorised by general public sector businesses, milk booths, crematoriums, and authorities co-operative merchants 1000 note banned in india . new currency note · Intercontinental airports will make preparations for arriving travellers to exchange up to Rs 5000 worth of outdated notes for the new authorized tender. · No restriction on digital fund payments or transfers which includes credit history and debit cards 3. Collect all the currency retained in numerous areas: (i) Wallets (ii) In the house –drawers/safes. (iii) From your lockers in financial institution if any are stored there. Collecting from bank would be attainable following banking institutions open for general public dealing as banking companies will be closed for community dealing on November 9, 2016. 4. why notes banned Individual and consider out the Rs five hundred and Rs one thousand notes from these. Count and compose down the whole. Preferably make bundles of 50, a hundred and a couple of bundles totalling to the quantity that is authorized to be exchanged in the initial times. 5. Get ready for long queues at banking institutions and put up offices from Nov ten onwards. From November 10 to 24 outdated notes upto Rs 4000 in value can be exchanged. Soon after Nov twenty five this restrict will be raised. You want to get your ID playing cards together. six. Outdated notes can be deposited in financial institutions or post places of work from Nov 10 to Dec thirty till shut of banking hours. seven. Withdrawal of new notes will be minimal to Rs ten,000 for every day and Rs 20,000 for every 7 days originally so use your credit/debit card to store. eight. If you do not manage to deposit all your aged notes by Dec 30 you even now have a window. You can trade aged notes at selected offices of the RBI soon after publishing a declaration sort and demonstrating your ID card up to 31.3.2017. 9. Hold a record of the serial figures of the notes submitted /exchanged at banking companies as the RBI has introduced that the accepting financial institution/submit places of work will maintain observe of these. Fairly obviously the income tax section will be using a appear at who is publishing how much so exchange only the quantity you are willing to explain to the tax division. Read through A lot more :Rs 500 | Rs one thousand | Narendra Modi | Currency | Black MoneyCommentsAdd Your CommentsNEXT STORYRELATED VIDEORBI to flow into new five hundred, 2000 forex notesMore From Personal Finance NewsRs five hundred, Rs a thousand notes are no longer authorized tender: What you need to have to know and doRs 500, Rs 1000 notes are no longer authorized tender: What you require to know and doPFRDA asks Pension Advisory Committee to examine calming forty pc annuity ruleSpeedy implementation of UP RERA demanded by Noida house buyersFreehold house issue to be taken up by Noida's RWA federationFor property tax recovery, Pune Municipal Company forms a specific team'Platinum Plus' ULIP for HNIs, courtesy Canara HSBC OBCNo environmental clearance for Bangalore Improvement Authority's mega housing projectBank of Baroda cuts MCLR rate by 10 bps throughout tenorsInterest rates on house loans slashed by big lendersPSU banks lent almost double of private banks in Q1 of 2016Get a QuoteBrowse