1000-five-hundred-note-banned-w

one. Maintain serene: you have fifty days time to trade / deposit your previous notes in financial institutions / post workplace and reduce denomination notes and cash will continue being authorized tender. two. Unexpected emergency specifications have been taken treatment of. · Some leeway has been offered by the federal government for use of 1000 five hundred be aware banned for healthcare emergencies and so on. For 1st 72 several hours from Nov 8 midnight i.e. until eleven Nov midnight authorities hospitals will accept these aged notes, pharmacies in federal government hospitals will take these notes with Doctor’s prescription. · Outdated notes will be recognized for railway ticket booking and air journey booking for the first 72 hrs. · In addition, For seventy two hours outdated notes will be recognized at petrol , diesel and CNG stations authorised by public sector businesses, milk booths, crematoriums, and federal government co-operative merchants. · Global airports will make arrangements for arriving passengers to exchange up to Rs 5000 well worth of outdated notes for the new authorized tender. · No restriction on digital fund payments or one thousand 500 be aware banned which includes credit history and debit playing cards three. Gather all the forex retained in a variety of places: (i) Wallets (ii) In the residence –drawers/safes. (iii) From your lockers in financial institution if any are held there. Collecting from financial institution would be one thousand 500 observe banned after banks open up for community dealing as banking companies will be shut for community dealing on November 9, 2016. 4. Different and take out the Rs 500 and Rs one thousand notes from these. Count and compose down the complete. Ideally make bundles of 50, 100 and a few bundles totalling to the sum that is authorized to be exchanged in the original days. 5. Prepare for extended queues at banking institutions and publish offices from Nov ten onwards. From November ten to 24 previous notes upto Rs 4000 in value can be exchanged. Right after Nov 25 this limit will be raised. You want to take a thousand 500 observe banned . six. Aged notes can be deposited in banking institutions or submit places of work from Nov 10 to Dec thirty till shut of banking hours. seven. Withdrawal of new notes will be constrained to Rs 10,000 per day and Rs 20,000 per week to begin with so use your credit score/debit card to shop. 8. If you really do not deal with to deposit all your outdated notes by Dec thirty you even now have a window. You can trade previous notes at selected places of work of the RBI after submitting a declaration sort and demonstrating your ID card up to 31.3.2017. 9. Keep a listing of the serial quantities of the notes submitted /exchanged at banking institutions as the RBI has announced that the accepting financial institution/submit workplaces will hold observe of these. Fairly obviously the revenue tax office will be using a search at who is publishing how a lot so trade only the sum you are ready to clarify to the tax section. Study A lot more :Rs five hundred | Rs 1000 | Narendra Modi | Forex | Black MoneyCommentsAdd Your CommentsNEXT STORYRELATED VIDEORBI to flow into new five hundred, 2000 forex notesMore From Personal Finance NewsRs 500, Rs one thousand notes are no longer legal tender: What you need to know and doRs 500, Rs 1000 notes are no for a longer time authorized tender: What you need to have to know and doPFRDA asks Pension Advisory Committee to study relaxing 40 personal computer annuity ruleSpeedy implementation of UP RERA demanded by Noida residence buyersFreehold residence concern to be taken up by Noida's RWA federationFor residence tax recovery, Pune Municipal Corporation types 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 price by 10 bps throughout tenorsInterest rates on residence loans slashed by big lendersPSU banking institutions lent practically double of personal financial institutions in Q1 of 2016Get a QuoteBrowse