1. Maintain calm: you have 50 days time to trade / deposit your previous notes in banking institutions / post place of work and reduced denomination notes and coins will remain authorized tender. 2. Crisis specifications have been taken treatment of. · Some leeway has been offered by the govt for use of these notes for health care emergencies etc. For initial 72 several hours from Nov 8 midnight i.e. till 11 Nov midnight federal government hospitals will accept these aged notes, pharmacies in govt hospitals will accept these notes with Doctor’s prescription. · Outdated notes will be acknowledged for railway ticket reserving and air journey reserving for the first 72 several hours. · In addition, For seventy two hrs outdated notes will be recognized at petrol , diesel and CNG stations authorised by general public sector organizations, milk booths, crematoriums, and govt co-operative retailers. · Intercontinental airports will make preparations for arriving passengers to trade up to Rs 5000 well worth of old notes for why notes banned . · No restriction on digital fund payments or transfers such as credit and debit cards 3. Collect all the currency held in a variety of locations: (i) Wallets (ii) In the property –drawers/safes. (iii) From 500 1000 notes banned in financial institution if any are stored there. Collecting from lender would be possible soon after financial institutions open for public working 500 1000 notes discontinued will be closed for general public dealing on November 9, 2016. 4. Separate and consider out the Rs 500 and Rs a thousand notes from these. Rely and compose down the whole. Ideally make bundles of fifty, one hundred and a couple of bundles totalling to the volume that is authorized to be exchanged in the preliminary times. five. Prepare for extended queues at banking companies and put up offices from Nov 10 onwards. From November 10 to 24 aged notes upto Rs 4000 in benefit can be exchanged. Right after Nov twenty five this restrict will be raised. You need to have to just take your ID cards alongside. 6. Old notes can be deposited in banking institutions or publish places of work from Nov ten to Dec 30 until shut of banking hrs. seven. Withdrawal of new notes will be minimal to Rs ten,000 per working day and Rs 20,000 for each 7 days originally so use your credit rating/debit card to store. eight. If you do not handle to deposit all your previous notes by Dec 30 you still have a window. You can trade previous notes at selected workplaces of the RBI after distributing a declaration form and exhibiting your ID card up to 31.three.2017. nine. Keep a listing of the serial figures of the notes submitted /exchanged at banks as the RBI has declared that the accepting lender/ 500 note discontinued will maintain keep track of of these. Really obviously the cash flow tax section will be getting a search at who is submitting how considerably so exchange only the quantity you are inclined to explain to the tax department. Study Far more :Rs five hundred | Rs 1000 | Narendra Modi | Currency | Black MoneyCommentsAdd Your CommentsNEXT STORYRELATED VIDEORBI to flow into new five hundred, 2000 currency notesMore From Private Finance NewsRs five hundred, Rs 1000 notes are no more time authorized tender: What you need to have to know and doRs 500, Rs a thousand notes are no lengthier legal tender: What you want to know and doPFRDA asks Pension Advisory Committee to examine comforting forty computer annuity ruleSpeedy implementation of UP RERA demanded by Noida home buyersFreehold residence concern to be taken up by Noida's RWA federationFor property tax restoration, Pune Municipal Corporation kinds a particular team'Platinum Plus' ULIP for HNIs, courtesy Canara HSBC OBCNo environmental clearance for Bangalore Growth Authority's mega housing projectBank of Baroda cuts MCLR rate by 10 bps throughout tenorsInterest rates on house loans slashed by massive lendersPSU banking companies len
↧