1000-500-note-banned-q

1. one thousand five hundred observe banned Preserve serene: you have fifty times time to exchange / deposit your old notes in banking institutions / publish workplace and reduce denomination notes and cash will continue to be lawful tender. 2. Unexpected emergency specifications have been taken treatment of. 1000 500 note banned · Some leeway has been provided by the govt for use of these notes for health-related emergencies and so on. For first 72 hours from Nov eight midnight i.e. till eleven Nov midnight govt hospitals will settle for these previous notes, pharmacies in federal government hospitals will accept these notes with Doctor’s prescription. · Outdated notes will be approved for railway ticket reserving and air travel scheduling for the first 72 several hours. · Moreover, For seventy two hours aged notes will be accepted at petrol , diesel and CNG stations authorised by public sector organizations, milk booths, crematoriums, and government co-operative merchants. · International airports will make arrangements for arriving travellers to trade up to Rs 5000 well worth of outdated notes for the new legal tender. · No restriction on digital fund payments or transfers such as credit score and debit cards 3. Acquire all the currency retained in different spots: (i) Wallets (ii) In the residence –drawers/safes. (iii) From your lockers in financial institution if any are retained there. Gathering from bank would be possible after financial institutions open up for general public working as financial institutions will be closed for community working on November nine, 2016. four. Different and take out the Rs 500 and Rs one thousand notes from these. Rely and publish down the total. Ideally make bundles of fifty, one hundred and a couple of bundles totalling to the amount that is allowed to be exchanged in the first times. 5. Prepare for lengthy queues at banks and submit offices from Nov 10 onwards. From November 10 to 24 aged notes upto Rs 4000 in price can be exchanged. Right after Nov 25 this restrict will be lifted. You need to have to consider your ID cards along. 1000 500 observe banned six. Old notes can be deposited in banks or post workplaces from Nov 10 to Dec 30 until close of banking several hours. seven. Withdrawal of new notes will be constrained to Rs 10,000 for each day and Rs twenty,000 for every week initially so use your credit score/debit card to store. 8. If you really don't control to deposit all your old notes by Dec thirty you still have a window. You can trade old notes at specified offices of the RBI soon after submitting a declaration sort and showing your ID card up to 31.three.2017. nine. Maintain a listing of the serial quantities of the notes submitted /exchanged at banks as the RBI has announced that the accepting bank/publish offices will hold keep track of of these. one thousand 500 observe banned Fairly clearly the cash flow tax division will be getting a look at who is publishing how much so trade only the amount you are inclined to clarify to the tax section. Go through More :Rs 500 | Rs 1000 | Narendra Modi | Forex | Black MoneyCommentsAdd Your CommentsNEXT STORYRELATED VIDEORBI to flow into new five hundred, 2000 currency notesMore From Private Finance NewsRs five hundred, Rs a thousand notes are no for a longer time authorized tender: What you need to have to know and doRs five hundred, Rs a thousand notes are no longer lawful tender: What you require to know and doPFRDA asks Pension Advisory Committee to study relaxing forty personal computer annuity ruleSpeedy implementation of UP RERA demanded by Noida property buyersFreehold property problem to be taken up by Noida's RWA federationFor home tax restoration, Pune Municipal Company types a specific team'Platinum Plus' ULIP for HNIs, courtesy Canara HSBC OBCNo environmental clearance for Bangalore Advancement Authority's mega housing projectBank of Baroda cuts MCLR price by 10 bps across tenorsInterest costs on home financial loans slashed by large lendersPSU banks lent practically double of non-public banking institutions in Q1 of 2016Get a QuoteBrowse a thousand five hundred be aware banned