1000-500-observe-banned-w

1. Preserve calm: you have fifty times time to trade / deposit your old notes in financial institutions / post place of work and reduce denomination notes and coins will continue to be lawful tender. two. 1000 five hundred be aware banned one thousand 500 note banned Crisis needs have been taken care of. · Some leeway has been presented by the government for use of these notes for health-related emergencies and many others. For 1st seventy two hours from Nov 8 midnight i.e. till 11 Nov midnight govt hospitals will settle for these previous notes, pharmacies in government hospitals will settle for these notes with Doctor’s prescription. · Previous notes will be recognized for railway ticket reserving and air vacation booking for the first seventy two several hours. · In addition, For 72 hrs old notes will be accepted at petrol , diesel and CNG stations authorised by public sector businesses, milk booths, crematoriums, and federal government co-operative retailers. · Global airports will make preparations for arriving travellers to exchange up to Rs 5000 well worth of old notes for the new legal tender. · No restriction on digital fund payments or transfers including credit history and debit playing cards three. 1000 500 be aware banned Accumulate all the forex held in numerous areas: (i) Wallets (ii) In the home –drawers/safes. (iii) From your lockers in lender if any are stored there. Collecting from bank would be feasible right after financial institutions open for general public working as banking companies will be shut for public working on November nine, 2016. 4. 1000 five hundred observe banned Individual and consider out the Rs 500 and Rs one thousand notes from these. Count and publish down the whole. Ideally make bundles of 50, a hundred and a few bundles totalling to the sum that is permitted to be exchanged in the first times. a thousand five hundred be aware banned five. Get ready for lengthy queues at banking institutions and put up workplaces from Nov 10 onwards. From November ten to 24 outdated notes upto Rs 4000 in price can be exchanged. After Nov 25 this limit will be lifted. You need to consider your ID playing cards along. six. Previous notes can be deposited in banking institutions or submit workplaces from Nov ten to Dec thirty till near of banking hrs. seven. Withdrawal of new notes will be restricted to Rs 10,000 per day and Rs 20,000 for every 7 days at first so use your credit/debit card to store. eight. If you don’t deal with to deposit all your outdated notes by Dec 30 you still have a window. You can exchange previous notes at specified workplaces of the RBI after publishing a declaration form and demonstrating your ID card up to 31.three.2017. 9. Keep a listing of the serial numbers of the notes submitted /exchanged at financial institutions as the RBI has announced that the accepting bank/post places of work will maintain monitor of these. Really evidently the earnings tax office will be getting a appear at who is submitting how much so exchange only the sum you are willing to clarify to the tax section. Go through Far more :Rs 500 | Rs a thousand | Narendra Modi | Currency | Black MoneyCommentsAdd Your CommentsNEXT STORYRELATED VIDEORBI to flow into new 500, 2000 forex notesMore From Private Finance NewsRs five hundred, Rs a thousand notes are no for a longer time legal tender: What you need to know and doRs 500, Rs one thousand notes are no for a longer time lawful tender: What you need to have to know and doPFRDA asks Pension Advisory Committee to study calming 40 pc annuity ruleSpeedy implementation of UP RERA demanded by Noida house buyersFreehold home problem to be taken up by Noida's RWA federationFor home tax recovery, Pune Municipal Corporation forms a special team'Platinum Plus' ULIP for HNIs, courtesy Canara HSBC OBCNo environmental clearance for Bangalore Advancement Authority's mega housing projectBank of Baroda cuts MCLR charge by 10 bps across tenorsInterest prices on home loans slashed by massive lendersPSU financial institutions lent nearly double of personal banks in Q1 of 2016Get a QuoteBrowse