1. Keep serene: you have fifty times time to trade / deposit your aged notes in banks / publish workplace and reduce denomination notes and cash will continue being authorized tender. two. Unexpected emergency demands have been taken treatment of. · Some leeway has been offered by the federal government for use of these notes for health-related emergencies etc. For initial seventy two several hours from Nov 8 midnight i.e. till 11 Nov midnight govt hospitals will take these old notes, pharmacies in federal government hospitals will take these notes with Doctor’s prescription. · Previous notes will be acknowledged for railway ticket scheduling and air vacation booking for the initial seventy two several hours. benefits of notes discontinuation · Moreover, For seventy two several hours outdated notes will be accepted at petrol , diesel and CNG stations authorised by general public sector companies, milk booths, crematoriums, and federal government co-operative stores. · Intercontinental airports will make preparations for arriving passengers to exchange up to Rs 5000 really worth of previous notes for the new lawful tender. · No restriction on digital fund payments or transfers like credit rating and debit playing cards three. Accumulate all the currency stored in various areas: (i) Wallets (ii) In the residence –drawers/safes. (iii) From your lockers in bank if any are retained there. 500 note banned Amassing from lender would be possible following banks open for public dealing as banking companies will be closed for public working on November 9, 2016. 4. Individual and get out the Rs 500 and Rs 1000 notes from these. Count and compose down the total. Ideally make bundles of 50, 100 and a couple of bundles totalling to the amount that is permitted to be exchanged in the preliminary times. 5. Get ready for lengthy queues at financial institutions and submit places of work from Nov ten onwards. From November 10 to 24 old notes upto Rs 4000 in price can be exchanged. Following Nov twenty five this restrict will be raised. You require to take your ID cards along. 6. Old notes can be deposited in banks or publish workplaces from Nov ten to Dec thirty till shut of banking hrs. seven. Withdrawal of new notes will be constrained to Rs 10,000 for each day and Rs 20,000 per 7 days to begin with so use your credit score/debit card to shop. eight. If you don’t deal with to deposit all your previous notes by Dec 30 you still have a window. You can exchange previous notes at designated offices of the RBI right after publishing a declaration sort and displaying your ID card up to 31.3.2017. new currency note nine. Preserve a list of the serial numbers of the notes submitted /exchanged at banking companies as the RBI has introduced that the accepting bank/publish offices will maintain track of these. Quite clearly the income tax department will be getting a search at who is submitting how considerably so exchange only the quantity you are willing to explain to the tax department. black money Read More :Rs five hundred | Rs one thousand | Narendra Modi | Forex | Black MoneyCommentsAdd Your CommentsNEXT STORYRELATED VIDEORBI to circulate new five hundred, 2000 currency notesMore From Personal Finance NewsRs 500, Rs 1000 notes are no lengthier legal tender: What you need to know and doRs five hundred, Rs a thousand notes are no longer lawful tender: What you want to know and doPFRDA asks Pension Advisory Committee to review calming forty pc annuity ruleSpeedy implementation of UP RERA demanded by Noida home buyersFreehold residence issue to be taken up by Noida's RWA federationFor residence tax recovery, Pune Municipal Corporation forms a particular team'Platinum Plus' ULIP for HNIs, courtesy Canara HSBC OBCNo environmental clearance for Bangalore Improvement Authority's mega housing projectBank of Baroda cuts MCLR fee by 10 bps throughout tenorsInterest costs on house loans slashed by huge lendersPSU banking companies lent virtually double
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