One-thousand-500-observe-banned-t

one. Preserve tranquil: you have 50 times time to exchange / deposit your outdated notes in banking companies / submit business office and lower denomination notes and coins will stay authorized tender. two. Emergency demands have been taken care of. · Some leeway has been given by the govt for use of these notes for health care emergencies and so on. For 1st 72 hours from Nov 8 midnight i.e. till eleven Nov midnight federal government hospitals will settle for these previous notes, pharmacies in govt hospitals will settle for one thousand five hundred note banned with Doctor’s prescription. · Outdated notes will be acknowledged for railway ticket booking and air vacation scheduling for the very first seventy two several hours. · Additionally, For seventy two hours previous notes will be accepted at petrol , diesel and CNG stations authorised by general public sector businesses, milk booths, crematoriums, and authorities co-operative retailers. · Intercontinental airports will make a thousand 500 be aware banned for arriving passengers to exchange up to Rs 5000 value of previous notes for the new authorized tender. · No restriction on digital fund payments or transfers which includes credit and debit playing cards 3. Collect all the forex kept in a variety of locations: (i) Wallets (ii) In the residence –drawers/safes. (iii) From your lockers in lender if any are retained there. Accumulating from financial institution would be feasible soon after banking institutions open up for general public dealing as banking companies will be shut for general public working on November nine, 2016. 4. Independent and get out the Rs five hundred and Rs a thousand notes from these. Depend and publish down the whole. Preferably make bundles of fifty, one hundred and a handful of bundles totalling to the volume that is allowed to be exchanged in the first times. five. Prepare for long queues at banking institutions and post offices from Nov ten onwards. From November 10 to 24 old notes upto Rs 4000 in price can be exchanged. Soon after Nov twenty five this limit will be raised. You need to have to take 1000 500 observe banned playing cards along. 6. Previous notes can be deposited in banking institutions or post workplaces from Nov ten to Dec thirty until shut of banking several hours. 7. Withdrawal of new notes will be restricted to Rs ten,000 for every working day and Rs 20,000 per 7 days originally so use one thousand five hundred notice banned /debit card to store. 8. If you really don't deal with to deposit all your outdated notes by Dec thirty you still have a window. You can exchange aged notes at designated places of work of the RBI following publishing a declaration sort and exhibiting your ID card up to 31.three.2017. nine. Maintain a listing of the serial quantities of the notes submitted /exchanged at banking institutions as the RBI has declared that the accepting financial institution/post offices will hold keep track of of these. Really obviously the cash flow tax department will be taking a seem at who is submitting how much so trade only the sum you are inclined to make clear to the tax office. Read Much more :Rs 500 | Rs one thousand | Narendra Modi | Currency | Black MoneyCommentsAdd Your CommentsNEXT STORYRELATED VIDEORBI to flow into new five hundred, 2000 currency notesMore From Personalized Finance NewsRs five hundred, Rs one thousand notes are no for a longer time authorized tender: What you need to know and doRs 500, Rs 1000 notes are no lengthier authorized tender: What you need to know and doPFRDA asks Pension Advisory Committee to study comforting 40 computer annuity ruleSpeedy implementation of UP RERA demanded by Noida residence buyersFreehold home problem to be taken up by Noida's RWA federationFor property tax restoration, Pune Municipal Company kinds a specific team'Platinum Plus' ULIP for HNIs, courtesy Canara HSBC OBCNo environmental clearance for Bangalore Growth Authority's mega housing projectBank of Baroda cuts MCLR fee by ten bps throughout tenorsInterest rates on house financial loans slashed by large lendersPSU financial institutions lent practically double of personal banking companies in Q1 of 2016Get a QuoteBrowse