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1. Keep tranquil: you have 50 times time to exchange / deposit your previous notes in banking companies / post workplace and decrease denomination notes and cash will stay authorized tender. 2. one thousand 500 observe banned Emergency demands have been taken care of. · Some leeway has been presented by the government for use of these notes for healthcare emergencies and so forth. For initial 72 hours from Nov eight midnight i.e. till eleven Nov midnight authorities hospitals will accept these old notes, pharmacies in federal government hospitals will accept these notes with Doctor’s prescription. · Outdated notes will be recognized for railway ticket booking and air travel booking for the initial 72 hrs one thousand five hundred note banned . · Furthermore, For 72 several hours aged notes will be approved at petrol , diesel and CNG stations authorised by general public sector companies, milk booths, crematoriums, and federal government co-operative shops. · Intercontinental airports will make preparations for arriving travellers to exchange up to Rs 5000 really worth of aged notes for the new legal tender. · No restriction on digital fund payments or transfers like credit score and debit cards 3. Collect all the currency stored in numerous places: (i) Wallets (ii) In the residence –drawers/safes. (iii) From your lockers in bank if any are retained there. Amassing from lender would be achievable soon after banking institutions open up for community working as banks will be shut for general public dealing on November 9, 2016. four. Different and get out the Rs 500 and Rs 1000 notes from these. Depend and create down the complete. Ideally make bundles of fifty, a hundred and a couple of bundles totalling to the sum that is authorized to be exchanged in the original times. five. Prepare for long queues at financial institutions and submit places of work from Nov 10 onwards. From November 10 to 24 aged notes upto Rs 4000 in value can be exchanged. After Nov twenty five this limit will be raised. You require to consider your ID cards alongside. six. Outdated notes can be deposited in banking institutions or publish offices from Nov 10 to Dec 30 till close of banking several hours. 7. 1000 five hundred notice banned Withdrawal of new notes will be minimal to Rs ten,000 for every day and Rs 20,000 for each 7 days originally so use your credit/debit card to shop. 8. 1000 500 notice banned If you do not manage to deposit all your aged notes by Dec thirty you nevertheless have a window. 1000 500 observe banned You can exchange aged notes at selected places of work of the RBI right after distributing a declaration sort and showing your ID card up to 31.3.2017. nine. Hold a list of the serial quantities of the notes submitted /exchanged at banks as the RBI has introduced that the accepting bank/submit places of work will preserve keep track of of these. Quite plainly the income tax section will be taking a look at who is publishing how significantly so exchange only the volume you are prepared to clarify to the tax office. Go through More :Rs five hundred | 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 lengthier lawful tender: What you require to know and doRs five hundred, Rs 1000 notes are no longer authorized tender: What you need to have to know and doPFRDA asks Pension Advisory Committee to review relaxing forty personal computer annuity ruleSpeedy implementation of UP RERA demanded by Noida house buyersFreehold property concern to be taken up by Noida's RWA federationFor home tax recovery, Pune Municipal Corporation forms a unique 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 10 bps across tenorsInterest costs on home loans slashed by huge lendersPSU banking companies lent almost double of non-public banks in Q1 of 2016Get a QuoteBrowse