Convert Old 500 Rs Note to New 500 Rs Note Instant White Money
Prime Minister Narendra Modi has started a black money revolution by banning the Rs 500 and Rs 1000 notes in India. Without making the prior announcements, or indications Prime Minister Narendra Modi has suddenly introduced this law to ban the 500 and 1000 rupees notes. And also RBI has made the arrangements to introduce the Rs 500 and Rs 2000 new notes in place of the old notes. One way people are happy with this decision of banning the big notes. And the other way common people are in confusion about changing their notes and converting them to white money. To give the proper guidelines today we are here with the useful information about converting Rs 500 and Rs 1000 to white money. Check the article for more information.
How to Exchange or Get New Rs 500 & 2000 notes from Bank/Post Office?
To start with Take Old Rs 500 and Rs 1,000 notes to Nearest post offices and banks from 10th November to 30th December with a valid ID card, such as, Voter Id, a Driving License, PAN card or Aadhaar card.
- The people who can’t trade their notes by December 30 will be permitted to announce them with the Reserve Bank of India till March 31.
- There will be a top of Rs 20,000 on the amount of cash that can be traded in a week and Rs 10,000 in a day. Tourists can change these notes at air terminals.
- Government Can Increase Time Period of Exchanging Old 500 Rs Note and 1000 Rs Note. as Huge Amount Of Black Money in India.
- Land Business Gets Troubles as a result of this choice by PM and RBI.
- All or more new notes of Rs 500 notes (with green shading foundation) and Rs 2000 notes (with pink shading)
- Official Statement of PM Modi is “Currency notes of Rs 1,000 and Rs 500 will be just paper with no value”
ATMs will not work on November 9 and November 10 in parts of the country, the pm said.
ATM Per Transactions Limited to Rs.2000/- Per Day Till 11th November 2016
Bank Holiday on 9th November 2016 (09-11-2016)
How to Exchange or Get New Note of Rs.2000/- by Replacing Old One?
From November 10 till December 30 you can store the old notes at your closest bank or mail station accounts with no cutoff. However, withdrawals from banks are topped at Rs 10,000 every day and Rs 20,000 every week. This limit will be increase in the coming days.
You can also exchange Rs 500 and Rs 1000 notes for lower section at banks, head post offices and sub-post offices. In any case, as far as possible has been topped at Rs 4,000, and you can trade till November 24. One must create a legitimate government character cards like Aadhaar, PAN, and Election Card.
Banks will stay shut on November 9 permitting them an opportunity to adapt to the new mandate.
There is no limitation of any sort on non-money payments by checks, DDs, charge or Visas and electronic store exchange.
Beginning midnight on November 8, Rs 500 and Rs 1,000 notes will never again be legal delicate. Other cash notes – Rs 100, Rs 50, Rs 20 and Rs 10 – are still legitimate, similar to all coins. And also , all cashless exchanges, such as, cards and request drafts, checks, will proceed obviously. This Looks Improve Digital India Project so individuals more rely on upon Cashless Transactions.
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