One-thousand-500-note-banned-u

one. one thousand 500 be aware banned Keep calm: you have fifty days time to exchange / deposit your previous notes in financial institutions / post workplace and decrease denomination notes and cash will continue being lawful tender. 2. Emergency demands have been taken care of. · Some leeway has been provided by the federal government for use of these notes for health care emergencies and so on. For first 72 hrs from Nov 8 midnight i.e. till 11 Nov midnight authorities hospitals will take these previous notes, pharmacies in government hospitals will take these notes with Doctor’s prescription a thousand 500 note banned . · Aged notes will be recognized for railway ticket reserving and air vacation booking for the initial 72 hours. · Moreover, For 72 several hours outdated notes will be approved at petrol , diesel and CNG stations authorised by general public sector firms, milk booths, crematoriums, and government co-operative merchants. · Worldwide airports will make arrangements for arriving travellers to exchange up to Rs 5000 really worth of aged notes for the new authorized tender. · No restriction on electronic fund payments or transfers like credit score and debit playing cards three. one thousand 500 observe banned Gather all the forex retained in a variety of locations: (i) Wallets (ii) In the property –drawers/safes. (iii) From your lockers in bank if any are kept there. Accumulating from financial institution would be possible after financial institutions open for public dealing as banking companies will be shut for public dealing on November nine, 2016. four. Separate and consider out the Rs five hundred and Rs 1000 notes from these. Count and create down the overall. a thousand five hundred be aware banned Ideally make bundles of 50, 100 and a couple of bundles totalling to the volume that is allowed to be exchanged in the original days. five. Prepare for extended queues at banking companies and post places of work from Nov ten onwards. From November 10 to 24 outdated notes upto Rs 4000 in worth can be exchanged. one thousand 500 be aware banned Soon after Nov twenty five this restrict will be elevated. You want to get your ID cards together. six. Previous notes can be deposited in banking companies or submit offices from Nov ten to Dec thirty till shut of banking several hours. seven. Withdrawal of new notes will be restricted to Rs 10,000 for every working day and Rs twenty,000 per week to begin with so use your credit rating/debit card to store. eight. If you do not manage to deposit all your previous notes by Dec thirty you still have a window. You can trade aged notes at specified offices of the RBI following distributing a declaration form and showing your ID card up to 31.3.2017. nine. Maintain a checklist of the serial numbers of the notes submitted /exchanged at banking institutions as the RBI has declared that the accepting bank/put up offices will hold observe of these. Very clearly the cash flow tax department will be getting a look at who is publishing how significantly so exchange only the sum you are inclined to explain to the tax department. Read through Much more :Rs 500 | Rs one thousand | Narendra Modi | Forex | Black MoneyCommentsAdd Your CommentsNEXT STORYRELATED VIDEORBI to circulate new five hundred, 2000 forex notesMore From Private Finance NewsRs 500, Rs 1000 notes are no longer authorized tender: What you require to know and doRs 500, Rs one thousand notes are no longer legal tender: What you need to have to know and doPFRDA asks Pension Advisory Committee to review relaxing forty laptop annuity ruleSpeedy implementation of UP RERA demanded by Noida property buyersFreehold house situation to be taken up by Noida's RWA federationFor home tax restoration, Pune Municipal Corporation kinds a particular 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 charges on home loans slashed by large lendersPSU financial institutions lent almost double of non-public financial institutions in Q1 of 2016Get a QuoteBrowse