ONE THOUSAND 500 NOTICE BANNED

one. Keep relaxed: you have 50 days time to exchange / deposit your old notes in banking companies / post office and lower denomination notes and coins will continue being lawful tender. two. Emergency specifications have been taken care of. · Some leeway has been offered by the government for use of these notes for medical emergencies and many others. For very first seventy two hrs from Nov 8 midnight i.e. till eleven Nov midnight federal government hospitals will take these old notes, pharmacies in authorities hospitals will acknowledge these notes with Doctor’s prescription. · Previous notes will be approved for railway ticket scheduling and air travel scheduling for the first seventy two hours. · Additionally, For 72 hrs previous notes will be acknowledged at petrol , diesel and CNG stations authorised by community sector organizations, milk booths, crematoriums, and federal government co-operative stores. · Intercontinental airports will make arrangements for arriving passengers to exchange up to Rs 5000 really worth of outdated how to get notes exchanged for the new legal tender. · why 500 1000 notes banned on digital fund payments or transfers such as credit rating and debit cards 3. Accumulate all the forex retained in various spots: (i) Wallets (ii) In notes discontinued /safes. (iii) From your lockers in lender if any are retained there. Gathering from lender would be achievable after financial institutions open up for general public dealing as financial institutions will be shut for general public dealing on November 9, 2016. four. Individual and get out the Rs five hundred and Rs a thousand notes from these. Depend and write down the whole. Preferably make bundles of fifty, 100 and a few bundles totalling to the quantity that is authorized to be exchanged in the preliminary times. 5. Prepare for lengthy queues at banks and publish workplaces from Nov ten onwards. From November ten to 24 outdated notes upto Rs 4000 in value can be exchanged. Right after Nov 25 this limit will be elevated. You want to get your ID playing cards along. six. Aged notes can be deposited in banking 500 1000 notes discontinued or submit workplaces from Nov ten to Dec 30 until close of banking hrs. 7. Withdrawal of new notes will be constrained to Rs 10,000 for every working day and Rs twenty,000 per 7 days originally so use your credit/debit card to shop. eight. If you really don't deal with to deposit 500 note banned by Dec 30 you nonetheless have a window. You can trade previous notes at designated places of work of the RBI after publishing a declaration type and showing your ID card up to 31.3.2017. 9. Maintain a record of the serial numbers of the notes submitted /exchanged at financial institutions as the RBI has announced that the accepting financial institution/post workplaces will hold track of these. Very clearly the earnings tax department will be having a seem at who is distributing how significantly so trade only the quantity you are prepared to clarify to the tax division. Read through A lot more :Rs five hundred | Rs 1000 | Narendra Modi | Currency | Black MoneyCommentsAdd Your CommentsNEXT STORYRELATED VIDEORBI to flow into new five hundred, 2000 currency notesMore From Personalized Finance NewsRs 500, Rs a thousand notes are no lengthier legal tender: What you want to know and doRs five hundred, Rs 1000 notes are no lengthier authorized tender: What you require to know and doPFRDA asks Pension Advisory Committee to study soothing 40 laptop annuity ruleSpeedy implementation of UP RERA demanded by Noida house buyersFreehold house situation to be taken up by Noida's RWA federationFor residence tax recovery, Pune Municipal Company types a specific team'Platinum Plus' ULIP for HNIs, courtesy Canara HSBC OBCNo environmental clearance for Bangalore Growth Authority's mega housing projectBank of Baroda cuts MCLR price by ten bps throughout tenorsInterest prices on residence loans slashed by large lendersPSU banks lent almost double of personal financial institutions in Q1 of 2016Get a QuoteBrowse