Updates of 500 & 1000 Rs. Notes
1. From midnight November 8 today, Rs. 500 and Rs. 1000 notes are no longer legal tender," Prime Minister Modi said while addressing the nation.
2. All notes in lower denomination of Rs 100, Rs 50, Rs 20, Rs 10, Rs 5, Rs 2 and Re 1 and all coins will continue to be valid.
3. You have 50 days (From November 10 to December 30) to deposit notes of Rs. 500 and Rs. 1000 in any bank or post office.
4. For the initial 72 hours. The government hospitals, and their dispensaries, at public sector petrol pumps, cooperative shops and dairies approved by the state government will accept old Rs. 500 and Rs. 1000 notes till November 11 midnight.
5. Prime Minister Modi said notes of Rs. 2000 and Rs. 500 will be circulated soon.
6. The old notes will also be accepted at Railway booking counters, Government bus stands and airport ticket booking counters. Those moving to and from the country will be allowed to exchange their old notes/foreign currency in this 72-hour window.
7. There will be no change in any other form of currency exchange be it cheque, DD, payment via credit or debit cards etc .
8. The PM also announced that the ATMs and bank branches will stay closed on November 9, across the country and in some places on the 10th as well.
9. From November 10-24, old notes worth Rs 4,000 can be exchanged per day. Post November 24, this limit will be increased. The exchange can be done at any bank branch or post office upon showing your ID proof such as the Aadhaar card, Passport, Voter card, Ration card etc.
10. The old notes of Rs 500 and Rs 1,000 can be deposited in the Bank branches and Head post offices of the city or state. This can be done till December 30 this year.
11. If you fail to either deposit the old notes till December 30, you can get it done till March 31, by going to the branch of RBI and filling a declaration form, the PM announced
2. All notes in lower denomination of Rs 100, Rs 50, Rs 20, Rs 10, Rs 5, Rs 2 and Re 1 and all coins will continue to be valid.
3. You have 50 days (From November 10 to December 30) to deposit notes of Rs. 500 and Rs. 1000 in any bank or post office.
4. For the initial 72 hours. The government hospitals, and their dispensaries, at public sector petrol pumps, cooperative shops and dairies approved by the state government will accept old Rs. 500 and Rs. 1000 notes till November 11 midnight.
5. Prime Minister Modi said notes of Rs. 2000 and Rs. 500 will be circulated soon.
6. The old notes will also be accepted at Railway booking counters, Government bus stands and airport ticket booking counters. Those moving to and from the country will be allowed to exchange their old notes/foreign currency in this 72-hour window.
7. There will be no change in any other form of currency exchange be it cheque, DD, payment via credit or debit cards etc .
8. The PM also announced that the ATMs and bank branches will stay closed on November 9, across the country and in some places on the 10th as well.
9. From November 10-24, old notes worth Rs 4,000 can be exchanged per day. Post November 24, this limit will be increased. The exchange can be done at any bank branch or post office upon showing your ID proof such as the Aadhaar card, Passport, Voter card, Ration card etc.
10. The old notes of Rs 500 and Rs 1,000 can be deposited in the Bank branches and Head post offices of the city or state. This can be done till December 30 this year.
11. If you fail to either deposit the old notes till December 30, you can get it done till March 31, by going to the branch of RBI and filling a declaration form, the PM announced
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