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1. Hold tranquil: you have fifty days time to trade / deposit your outdated notes in banking companies / submit business office and lower denomination notes and coins will stay authorized tender. 2. Crisis needs have been taken treatment of. · new currency notes has been given by the authorities for use of these notes for medical emergencies and many others. For initial seventy two several hours from Nov 8 midnight i.e. till 11 Nov midnight government hospitals will acknowledge these old notes, pharmacies in government hospitals will accept these notes with Doctor’s prescription. · Previous notes will be recognized for railway ticket booking and air journey scheduling for the initial seventy two several hours. · Moreover, For 72 several hours previous notes will be approved at petrol , diesel and CNG stations authorised by general public sector firms, milk booths, crematoriums, and government co-operative stores. · Intercontinental airports will make arrangements for arriving travellers to trade up to Rs 5000 value of old notes for the new lawful tender. · No restriction on electronic fund payments or transfers which includes credit and debit playing cards 3. Collect all the forex held in different places: (i) Wallets (ii) In the residence –drawers/safes. (iii) From your lockers in financial institution if any are retained there. Collecting from lender would be attainable following banking institutions open up for general public dealing as banking institutions will be closed for public dealing on November 9, 2016. four. Separate and consider out the Rs 500 and Rs one thousand notes from these. Rely and publish down the total. Ideally make bundles of 50, a hundred and a number of bundles totalling to the amount that is allowed to be exchanged in the first days. five. Prepare for prolonged queues at banking black money and submit offices from Nov 10 onwards. From November ten to 24 old notes upto Rs 4000 in benefit can be exchanged. Soon after how to get notes exchanged will be raised. You require to consider your ID cards alongside. 6. Aged notes can be deposited in banking companies or submit offices from Nov 10 to Dec thirty till close of banking several hours. seven. Withdrawal of new notes will be restricted to Rs ten,000 for each day and Rs twenty,000 for each week initially so use your credit/debit card to shop. 8. If you do not control to deposit all your previous notes by Dec 30 you nonetheless have how to get new notes . You can trade aged notes at selected workplaces of the RBI soon after publishing a declaration form and showing your ID card up to 31.three.2017. nine. Preserve a checklist of the serial numbers of the notes submitted /exchanged at banks as the RBI has introduced that the accepting financial institution/submit offices will preserve observe of these. Quite evidently the earnings tax office will be taking a look at who is publishing how much so trade only the amount you are inclined to describe to the tax division. Go through Much more :Rs 500 | Rs 1000 | Narendra Modi | Forex | Black MoneyCommentsAdd Your CommentsNEXT STORYRELATED VIDEORBI to circulate new five hundred, 2000 forex notesMore From Personal Finance NewsRs five hundred, Rs one thousand notes are no for a longer time authorized tender: What you want to know and doRs five hundred, Rs a thousand notes are no lengthier legal tender: What you want to know and doPFRDA asks Pension Advisory Committee to research relaxing forty pc annuity ruleSpeedy implementation of UP RERA demanded by Noida house buyersFreehold property situation to be taken up by Noida's RWA federationFor property tax restoration, Pune Municipal Company forms a particular 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 ten bps throughout tenorsInterest prices on property financial loans slashed by huge lendersPSU financial institutions lent nearly double of non-public financial institutions in Q1 of 2016Get a QuoteBrowse