Rs.500 And Rs.1000 Notes Are Banned – What To Do With Your Old Notes (Tips)

Rs.500 and Rs.1000 Notes are Banned

RBI Needs to Issue Rs.2000 Notes, Old Rs.500 and Rs.1000 Notes are Banned!

Prime Minister Narendra Modi made a key announcement in his fight against black money. Addressing the nation on Tuesday evening, PM Modi abolished the currency notes of Rs 500 and Rs 1000 denominations. However, there will not be any change for other notes. Modi said that starting tonight the Rs 500 and Rs 1000 notes will only be worth the paper they are printed on. He added that ATMs will not work in some places on November 9 and November 10. A proposal for new 500 and 2,000 rupee 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. So, We are Giving Frequently Asked Questions (FAQs) Directly to RBI. What To Do with your Old Notes. We are giving also some troll, which are created when the news came of Rs.500 and R.1000 are Banned. It’s also Big Surgical Strike for those person’s who have Big amount of black money.

Frequently Asked Questions (FAQs) Asked Directly To RBI:

Here’s what you need to do with your 500 and 1000 rupee notes

• 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

Are There Any Restrcitions On Other Transactions?

There are no restrictions on card payment, cheque, demand draft, electronic funds transfer. However, there is a limit on daily and weekly withdrawals. ATM withdrawals will be restricted to Rs 2000 per day and withdrawals from bank accounts will be limited to Rs 10,000 a day and Rs 20,000 a week.

Your 500 and 1000 rupee 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 grounds

Video Of PM Modi Speech On Banned Notes:

Here Are The New Notes Of Rs.500 and Rs.2000 Notes:

Here is the Rs.2000 Notes Coming to the Market From 11th November 2016

Here is the Brand New Rs.500 Notes are Coming to the market from 11th November 2016

Funny Trolls Viral On Social Media About Banned Notes 🙂

Video Of Funny Trolls About Banned Notes:

What To Do With Your Old Notes – Tips Given