Got old Rs.500 & Rs. 100 notes with you ? Want to exchange the old Rs. 500 & Rs. 1000 notes to new notes? Want to know where to change from old five hundered and thousand notes to new five hundered and thousand notes ? Want to know the deadline for change these notes ? Here is an ultimate guide for the users who have Rs. 500 & Rs. 1000 with them.
What To Do With Notes Of Rs. 500 & Rs. 1000 ?
To stop the spread of counterfeit notes, which is aiding terror activities from across the border, the government has decided to scrap the notes of Rs. 500 and Rs. 1000, today. Starting midnight, these notes will only be “worth the paper they are printed on,” he said.
A proposal for new Rs. 500 and Rs. 2,000 notes has been cleared by the Reserve Bank of India.
There will be no change in any other form of monetary exchange — cheque, DD, payment via credit or debit cards, he said.
If you have got Rs. 500 and Rs. 1000 notes with you then follow the steps below to change your notes to new ones
- Deposit them at the bank or post office from November 10 to December 30
- Exchange them from a bank or post office till 24 November. The limit for exchange is Rs. 4000
- Take Aadhaar card and Pan Card when you go to exchange notes
- After December 30, these can be deposited at the Reserve Bank with a declaration
- Tourists can change the notes at airports
Deadline to Change Old Notes Rs. 500 & Rs. 1000 ? DECEMBER 30
- Your Rs. 500 and Rs. 1000 notes be accepted till November 11 at:
- Petrol Pumps and government hospitals
- Railway, airline, government bus ticket booking counters
- Consumer co-operative stores run by state or central government
- Milk booths authorized by state governments
- Crematoriums and burial groundsNew 500 & 1000 Notes
Please comment us this move done by state government