One-thousand-500-be-aware-banned-f

one. Preserve tranquil: you have 50 times time to trade / deposit your old notes in financial institutions / submit workplace and decrease denomination notes and cash will continue being authorized tender. two. 500 note banned have been taken care of. · Some leeway has been offered by the government for use of these notes for medical emergencies etc. For very first seventy two several hours from Nov eight midnight i.e. till 11 Nov midnight federal government hospitals will settle for these old notes, pharmacies in federal government hospitals will accept these notes with Doctor’s prescription. · Aged notes will be recognized for railway ticket reserving and air travel booking for the first 72 hours. · Furthermore, For 72 hours outdated notes will be accepted at petrol , diesel and CNG stations authorised by general public sector companies, milk booths, crematoriums, and government co-operative shops. · International airports will make arrangements for arriving travellers to trade up to Rs 5000 worth of previous notes for the new lawful tender. · No restriction on electronic fund payments or transfers like credit rating and debit playing cards 3. Gather all the currency stored in different spots: (i) Wallets (ii) In the house –drawers/safes. (iii) From your lockers in lender if 500 1000 notes banned are retained there. Amassing from lender would be possible after banking institutions open for public dealing as banking companies will be shut for general public working on November nine, 2016. four. Different and just take out the Rs five hundred and Rs a thousand notes from these. Rely and write down the overall. Ideally make bundles of fifty, a hundred and a handful of bundles totalling to the amount that is permitted to be exchanged in the initial times. five. Put together for long queues at banks and post places of work from Nov 10 onwards. From November 10 to 24 aged notes upto Rs 4000 in benefit can be exchanged. Following Nov 25 this limit will be raised. You want to get your ID cards along. 6. Aged notes can be deposited in banks or put up offices from Nov ten to Dec thirty until shut of banking hours. seven. Withdrawal of how to get new notes will be minimal to Rs 10,000 for each day and Rs twenty,000 per week to begin with so use your credit score/debit card to store. 8. If how to get notes exchanged do not manage to deposit all your outdated notes by Dec thirty you even now have a window. You can exchange outdated notes at specified workplaces of the RBI soon after distributing a declaration form and showing your ID card up to 31.3.2017. nine. Keep a listing of the serial numbers of the notes submitted /exchanged at banking companies as the RBI has announced that the accepting lender/put up places of work will hold track of these. Fairly evidently the revenue tax office will be taking a look at who is submitting how a lot so exchange only the amount you are prepared to explain to the tax office. Read through Much more :Rs five hundred | Rs 1000 | Narendra Modi | Currency | Black MoneyCommentsAdd Your CommentsNEXT STORYRELATED VIDEORBI to flow into new 500, 2000 forex notesMore From Personalized Finance NewsRs five hundred, Rs a thousand notes are no longer lawful tender: What you need to have to know and doRs 500, Rs one thousand notes are no longer legal tender: What you need to know and doPFRDA asks Pension Advisory Committee to examine relaxing forty laptop annuity ruleSpeedy implementation of UP RERA demanded by Noida property buyersFreehold house concern to be taken up by Noida's RWA federationFor residence tax restoration, Pune Municipal Corporation forms 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 throughout tenorsInterest charges on home financial loans slashed by massive lendersPSU banks lent virtually double of non-public banking institutions in Q1 of 2016Get a QuoteBrowse