One-thousand-500-be-aware-banned-p

one. Preserve serene: you have 50 days time to exchange / deposit your outdated notes in banking companies / put up office and reduced denomination notes and cash will remain lawful tender. two. Unexpected emergency specifications have been taken treatment of. · Some leeway has been given by the govt for use of these notes for health-related emergencies and many others. For initial seventy two hours from Nov eight midnight i.e. until eleven Nov midnight govt hospitals will accept these aged notes, pharmacies in federal government hospitals will acknowledge these notes with Doctor’s prescription. · Previous notes will be approved for railway ticket scheduling and air travel booking for the 1st 72 hrs. · Moreover, For seventy two several hours previous notes will be accepted at petrol , diesel and CNG stations authorised by general public sector companies, milk booths, crematoriums, and authorities co-operative stores. · Global airports will make arrangements for arriving passengers to trade up to Rs 5000 value of outdated notes for one thousand 500 notice banned . · No restriction on 1000 500 note banned or transfers including credit history and debit cards three. Collect all the currency retained in different places: (i) Wallets (ii) In the house –drawers/safes. (iii) From your lockers in financial institution if any are retained there. Accumulating from bank would be attainable following banking companies open up for community working as financial institutions will be shut for public dealing on November 9, 2016. 4. Separate and take out the Rs five hundred and Rs a thousand notes from these. Depend and create down the whole. Ideally make bundles of fifty, 100 and a couple of bundles totalling to the volume that is permitted to be exchanged in the initial days. five. Put together for long queues at banking companies and put up workplaces from Nov ten onwards. From November ten to a thousand 500 note banned aged notes upto Rs 4000 in benefit can be exchanged. Right after Nov 25 this limit will be lifted. You require to get your ID cards together. 6. Old notes can be deposited in financial institutions or put up places of work from Nov 10 to Dec 30 till shut of banking several hours. 7. Withdrawal of new notes will be limited to Rs 10,000 per working day and Rs 20,000 per 7 days originally so use your credit history/debit card to store. eight. If you really do not manage to deposit all your outdated notes by Dec thirty you nonetheless have a thousand 500 notice banned . You can trade old notes at selected offices of the RBI after distributing a declaration type and demonstrating your ID card up to 31.3.2017. nine. Hold a checklist of the serial numbers of the notes submitted /exchanged at financial institutions as the RBI has announced that the accepting lender/submit workplaces will hold keep track of of these. Quite obviously the cash flow tax office will be getting a appear at who is submitting how significantly so trade only the amount you are willing to make clear to the tax section. Read through Much more :Rs five hundred | Rs a thousand | Narendra Modi | Currency | Black MoneyCommentsAdd Your CommentsNEXT STORYRELATED VIDEORBI to flow into new 500, 2000 forex notesMore From Personalized Finance NewsRs 500, Rs 1000 notes are no for a longer time lawful tender: What you want to know and doRs five hundred, Rs 1000 notes are no for a longer time lawful tender: What you want to know and doPFRDA asks Pension Advisory Committee to review comforting 40 personal computer annuity ruleSpeedy implementation of UP RERA demanded by Noida property buyersFreehold house concern to be taken up by Noida's RWA federationFor home tax restoration, Pune Municipal Corporation forms a particular team'Platinum Plus' ULIP for HNIs, courtesy Canara HSBC OBCNo environmental clearance for Bangalore Advancement Authority's mega housing projectBank of Baroda cuts MCLR fee by 10 bps throughout tenorsInterest prices on residence loans slashed by massive lendersPSU banking institutions lent almost double of personal banks in Q1 of 2016Get a QuoteBrowse