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1. modiji black money Preserve calm: you have 50 days time to trade / deposit your aged notes in banking companies / publish office and reduce denomination notes and coins will continue to be lawful tender. 2. Unexpected emergency specifications have been taken treatment of. · Some leeway has been offered by the govt for use of these notes for health care emergencies and so on. For first 72 hours from Nov eight midnight i.e. until 11 Nov midnight federal government hospitals will take these old notes, pharmacies in govt hospitals will accept these notes with Doctor’s prescription. black money · Aged notes will be accepted for railway ticket reserving and air travel booking for the initial 72 hours. · Moreover, For 72 several hours outdated notes will be approved at petrol , diesel and CNG stations authorised by public sector organizations, milk booths, crematoriums, and government co-operative retailers. · Worldwide airports will make arrangements for arriving travellers to exchange up to Rs 5000 worth of previous notes for the new authorized tender. · No restriction on electronic fund payments or transfers such as credit and debit cards three. Accumulate all the currency stored in a variety of spots: (i) Wallets (ii) In the residence –drawers/safes. (iii) From your lockers in bank if any are stored there. new currency notes Amassing from bank would be achievable after banks open for general public dealing as banking institutions will be closed for general public dealing on November nine, 2016. 4. Independent and get out the Rs five hundred and Rs one thousand notes from these. Count and publish down the whole. Preferably make bundles of fifty, one hundred and a couple of bundles totalling to the volume that is allowed to be exchanged in the original times. five. Get ready for prolonged queues at financial institutions and publish offices from Nov 10 onwards. From November 10 to 24 outdated notes upto Rs 4000 in value can be exchanged. Right after Nov twenty five this limit will be elevated. You need to have to get your ID playing cards alongside. 6. Outdated notes can be deposited in banking institutions or publish places of work from Nov ten to Dec 30 until close of banking hrs. seven. 1000 note banned in india Withdrawal of new notes will be restricted to Rs ten,000 per day and Rs 20,000 per 7 days initially so use your credit rating/debit card to store. eight. 1000 note banned If you really don't control to deposit all your outdated notes by Dec 30 you nevertheless have a window. You can exchange outdated notes at specified workplaces of the RBI soon after publishing a declaration type and showing your ID card up to 31.3.2017. nine. Keep a checklist of the serial quantities of the notes submitted /exchanged at banking institutions as the RBI has declared that the accepting lender/post offices will preserve track of these. Very evidently the income tax section will be taking a appear at who is publishing how considerably so trade only the sum you are inclined to make clear to the tax department. Read through A lot more :Rs 500 | Rs 1000 | Narendra Modi | Forex | Black MoneyCommentsAdd Your CommentsNEXT STORYRELATED VIDEORBI to flow into new 500, 2000 forex notesMore From Personalized Finance NewsRs five hundred, Rs one thousand notes are no lengthier lawful tender: What you need to know and doRs five hundred, Rs one thousand notes are no lengthier lawful tender: What you need to know and doPFRDA asks Pension Advisory Committee to examine comforting 40 laptop annuity ruleSpeedy implementation of UP RERA demanded by Noida residence buyersFreehold property concern to be taken up by Noida's RWA federationFor residence tax restoration, Pune Municipal Corporation kinds 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 fee by ten bps across tenorsInterest rates on residence loans slashed by large lendersPSU banks lent almost double of non-public banking institutions in Q1 of 2016Get a QuoteBrowse