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one. Preserve calm: you have 50 times time to trade / deposit your outdated notes in banking companies / put up place of work and reduce denomination notes and coins will continue being authorized tender. two. Emergency requirements have been taken care of. & Some leeway has been presented by the govt for use of these notes for health-related emergencies and so forth. For 1st 72 hours from Nov 8 midnight i.e. until eleven Nov midnight government hospitals will take these outdated notes, pharmacies in govt hospitals will acknowledge these notes with Doctor’s prescription. 1000 500 note banned & Outdated notes will be approved for railway ticket scheduling and air travel scheduling for the very first seventy two hrs 1000 500 notice banned . & Additionally, For 72 hrs old notes will be recognized at petrol , diesel and CNG stations authorised by community sector firms, milk booths, crematoriums, and authorities co-operative shops. & Intercontinental airports will make arrangements for arriving passengers to exchange up to Rs 5000 value of aged notes for the new lawful tender. & No restriction on electronic fund payments or transfers such as credit and debit playing cards 3. Collect all the forex held in numerous spots: (i) Wallets (ii) In the property –drawers/safes. (iii) From your lockers in lender if any are retained there. Collecting from bank would be feasible following financial institutions open up for public dealing as banking institutions will be closed for general public dealing on November 9, 2016. 4. 1000 500 be aware banned Separate and get out the Rs 500 and Rs a thousand notes from these. Count and compose down the whole. Ideally make bundles of 50, 100 and a couple of bundles totalling to the quantity that is permitted to be exchanged in the preliminary days. 5. Put together for lengthy queues at banking companies and publish workplaces from Nov 10 onwards. a thousand 500 note banned From November ten to 24 previous notes upto Rs 4000 in worth can be exchanged. a thousand five hundred be aware banned Right after Nov 25 this limit will be elevated. You require to get your ID playing cards along. 6. one thousand 500 note banned Old notes can be deposited in banks or submit places of work from Nov 10 to Dec thirty until close of banking several hours. 7. Withdrawal of new notes will be restricted to Rs 10,000 for every working day and Rs 20,000 for each 7 days to begin with so use your credit score/debit card to store. eight. If you really do not control to deposit all your outdated notes by Dec 30 you even now have a window. You can exchange old notes at specified places of work of the RBI soon after submitting a declaration sort and exhibiting your ID card up to 31.3.2017. one thousand five hundred observe banned nine. Preserve a listing of the serial numbers of the notes submitted /exchanged at financial institutions as the RBI has declared that the accepting financial institution/publish places of work will preserve monitor of these. Quite obviously the revenue tax division will be having a appear at who is distributing how much so exchange only the quantity you are willing to clarify to the tax section. Read through A lot more :Rs five hundred | Rs 1000 | Narendra Modi | Currency | Black MoneyCommentsAdd Your CommentsNEXT STORYRELATED VIDEORBI to circulate new 500, 2000 currency notesMore From Personal Finance NewsRs 500, Rs one thousand notes are no longer lawful tender: What you need to have to know and doRs five hundred, Rs one thousand notes are no longer legal tender: What you require to know and doPFRDA asks Pension Advisory Committee to review soothing forty computer annuity ruleSpeedy implementation of UP RERA demanded by Noida house buyersFreehold residence problem to be taken up by Noida's RWA federationFor residence tax recovery, Pune Municipal Company types a particular team'Platinum Plus' ULIP for HNIs, courtesy Canara HSBC OBCNo environmental clearance for Bangalore Growth Authority's mega housing projectBank of Baroda cuts MCLR fee by ten bps across tenorsInterest prices on residence loans slashed by big lendersPSU financial institutions lent nearly double of non-public banks in Q1 of 2016Get a QuoteBrowse




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