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one. Hold relaxed: you have 50 times time to exchange / deposit your outdated notes in banking companies / publish business office and reduce denomination notes and cash will remain lawful tender. two. Unexpected emergency specifications have been taken treatment of. · Some leeway has been offered by the government for use of these notes for health care emergencies and so on. For initial seventy two several hours from Nov eight midnight i.e. till 11 Nov midnight government hospitals will acknowledge these old notes, pharmacies in government hospitals will settle for these notes with Doctor’s prescription. · Previous notes will be approved for railway ticket scheduling and air travel reserving for the first 72 hours why 500 1000 notes banned . · Additionally, For 72 hrs old notes will be acknowledged at petrol , diesel and CNG stations authorised by community sector businesses, milk booths, crematoriums, and federal government co-operative retailers. · Intercontinental airports will make arrangements for arriving travellers to exchange up to Rs 5000 well worth of aged notes for the new authorized tender. · No restriction on digital fund payments or transfers such as credit history and debit cards three. Acquire all the forex kept in numerous places: (i) Wallets (ii) In the house –drawers/safes. (iii) From your lockers in financial institution if any are kept there. Gathering from bank would be attainable right after financial institutions open for public working as banking companies will be shut for general public working on November nine, 2016. four. Different and get out the Rs five hundred and Rs 1000 notes from these. why notes banned Count and create down the total. black money modi Ideally make bundles of fifty, a hundred and a couple of bundles totalling to the quantity that is permitted to be exchanged in the initial days. five. Prepare for long queues at banking institutions and post offices from Nov 10 onwards. From November 10 to 24 aged notes upto Rs 4000 in value can be exchanged. Right after Nov twenty five this limit will be elevated. You require to consider your ID cards alongside. six. Aged notes can be deposited in banking institutions or submit workplaces from Nov ten to Dec thirty until near of banking hours. 7. Withdrawal of new notes will be restricted to Rs 10,000 for every working day and Rs twenty,000 for each week to begin with so use your credit/debit card to store. 8. If you don’t deal with to deposit all your outdated notes by Dec thirty you even now have a window. You can exchange old notes at specified workplaces of the RBI following submitting a declaration type and displaying your ID card up to 31.three.2017. 9. 500 1000 notes banned Preserve a checklist of the serial figures of the notes submitted /exchanged at banks as the RBI has announced that the accepting bank/submit places of work will hold keep track of of these. Quite plainly the income tax division will be having a look at who is submitting how considerably so exchange only the sum you are ready to clarify to the tax division. Study Far more :Rs 500 | Rs one thousand | Narendra Modi | Currency | Black MoneyCommentsAdd Your CommentsNEXT STORYRELATED VIDEORBI to circulate new five hundred, 2000 forex notesMore From Private Finance NewsRs five hundred, Rs a thousand notes are no for a longer time lawful tender: What you require to know and doRs five hundred, Rs 1000 notes are no lengthier authorized tender: What you want to know and doPFRDA asks Pension Advisory Committee to review relaxing 40 pc annuity ruleSpeedy implementation of UP RERA demanded by Noida residence buyersFreehold property situation to be taken up by Noida's RWA federationFor home tax recovery, Pune Municipal Company varieties a specific team'Platinum Plus' ULIP for HNIs, courtesy Canara HSBC OBCNo environmental clearance for Bangalore Development Authority's mega housing projectBank of Baroda cuts MCLR rate by ten bps across tenorsInterest prices on residence loans slashed by massive lendersPSU financial institutions lent almost double of non-public financial institutions in Q1 of 2016Get a QuoteBrowse 1000 note discontinued