1. 500 note banned Preserve calm: you have fifty times time to trade / deposit your outdated notes in banking institutions / publish business office and lower denomination notes and cash will remain authorized tender. 2. Unexpected emergency needs have been taken treatment of. 1000 note banned · Some leeway has been given by the authorities for use of these notes for healthcare emergencies etc. modi note ban For very first seventy two several hours from Nov 8 midnight i.e. till 11 Nov midnight govt hospitals will acknowledge these old notes, pharmacies in authorities hospitals will take these notes with Doctor’s prescription. · Previous notes will be accepted for railway ticket reserving and air journey booking for the very first 72 several hours. · Additionally, For 72 several hours outdated notes will be approved at petrol , diesel and CNG stations authorised by public sector businesses, milk booths, crematoriums, and federal government co-operative merchants. benefits of notes discontinuation · Global airports will make arrangements for arriving passengers to trade up to Rs 5000 really worth of old notes for the new legal tender. · No restriction on digital fund payments or transfers including credit and debit playing cards 3. Gather all the currency stored in different areas: (i) Wallets (ii) In the property –drawers/safes. (iii) From your lockers in lender if any are stored there. Gathering from bank would be feasible after banking companies open up for general public working as banks will be shut for general public working on November nine, 2016. 4. Individual and get out the Rs five hundred and Rs a thousand notes from these. Count and write down the whole. Ideally make bundles of fifty, one hundred and a few bundles totalling to the sum that is allowed to be exchanged in the first days. five. Get ready for lengthy queues at financial institutions and submit places of work from Nov ten onwards. From November ten to 24 old notes upto Rs 4000 in benefit can be exchanged. 500 1000 notes discontinued Soon after Nov 25 this limit will be lifted. You require to get your ID cards along. 6. Previous notes can be deposited in banks or submit places of work from Nov 10 to Dec thirty until shut of banking hrs. seven. Withdrawal of new notes will be restricted to Rs ten,000 for each day and Rs 20,000 for each week originally so use your credit rating/debit card to store. 8. If you do not deal with to deposit all your outdated notes by Dec thirty you nevertheless have a window. black money in india You can exchange old notes at designated offices of the RBI right after distributing a declaration kind and demonstrating your ID card up to 31.three.2017. 9. 1000 note banned in india Hold a checklist of the serial figures of the notes submitted /exchanged at financial institutions as the RBI has introduced that the accepting lender/put up offices will keep track of these. Fairly obviously the income tax division will be using a search at who is publishing how significantly so exchange only the sum you are inclined to make clear to the tax section. Read A lot more :Rs 500 | Rs one thousand | Narendra Modi | Forex | Black MoneyCommentsAdd Your CommentsNEXT STORYRELATED VIDEORBI to circulate new 500, 2000 forex notesMore From Personalized Finance NewsRs 500, Rs one thousand notes are no for a longer time lawful tender: What you need to have to know and doRs five hundred, Rs 1000 notes are no more time authorized tender: What you need to have to know and doPFRDA asks Pension Advisory Committee to study relaxing 40 personal computer annuity ruleSpeedy implementation of UP RERA demanded by Noida property buyersFreehold residence concern to be taken up by Noida's RWA federationFor residence tax restoration, Pune Municipal Corporation types a unique
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