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Wednesday, 9 November 2016

How to exchange old 500 and 1000 rupee notes in India

Our honourble Prime Minister Narendra Modi made a key declaration in his battle against black cash. Tending to the country on Tuesday evening, PM Modi nullified the cash notes of Rs 500 and Rs 1000 divisions. In any case, there won't be any change for different notes.

Modi said that beginning from November 9 midnight the Rs 500 and Rs 1000 notes might be justified regardless of the paper they are imprinted on. He included that ATMs won't work in a few places on November 9 and November 10. Since notes of these two categories have ended up invalid, they can be traded at in any bank or mail station by indicating ID verification. For the underlying 72 hours, government doctor's facilities and petrol pumps, CNG corner stores will acknowledge the old Rs 500 and 1000 notes till November 11 midnight.PM Modi said that new notes of Rs 2000 and Rs 500 will be coursed soon. Asking individuals to help the administration in its battle against dark cash and fake money notes, PM Modi said the procedure of sudden ruling was neccesary to confine the black money holders and try bringing back India from the clutches of corruption. This step of Prime Minister Modi can be said as a surgical strike on black money holders who thought they are safe in this country. With the judicious and volatile step taken by our Prime Minister Narendra Modi it is still too early to say if he is successful on curbing how many percentage of black money but still is one of the most appreciable step taken by him after surgical attack on Pakistan.


Exchange old 500 and 1000 rupee notes,exchange old 500 notes, exchange old 1000 notes


How to deposit old Rs 500 and Rs 1000?



The first point to worry for the common people now is what to do with their Rs 500 and Rs 1000 notes. Here we are going to point a few basic details which will save you from being tensed and panicked. In spite of the fact that there are no limitations on card installment, check, draft, and internet banking. Notwithstanding, there is a point of confinement on every day and week by week withdrawals. ATM withdrawals will be confined to Rs 2000 every day and withdrawals from financial balances will be constrained to Rs 10,000 a day and Rs 20,000 a week. People have 50 days, from November 10 to December 30 to deposit their notes of Rs 500 and Rs 1000 in any post office or any bank. Other than keeping cash in financial balances, the Rs 500 and Rs 1000 notes can likewise be traded with lower section notes at assigned banks and post offices with legitimate government cards like PAN, Aadhaar and Election Card from November 10 to November 24 with an every day breaking point of Rs 4000. So, take easy and do not follow any rumour and easily get through this process and be a part of India’s step towards being a corruption free company and stay in peace without panicking and getting tensed.
So Friends In this way you can easily exchange your old 500 and 1000 notes in India.
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