9 Nov 2016

Rs 500 & Rs 1000 notes banned.

1.Rs 500 & Rs 1000 notes banned from tonight; they will cease to be legal tender from tonight;

2. Can only be deposited in banks accounts, head and sub-post offices;

3. You can exchange them in banks & post offices between Nov 9 and Dec 30, 2016;
4. ATMs will dispense only Rs 2000 a day, later to be increased to Rs 4000 per day;

5. Those who miss the Dec 30 deadline, can exchange old Rs 500 and Rs 1000 notes through RBI on the basis of declaration;
6. Till Nov 11 midnight, hospitals will accept Rs 500 & Rs 1000 notes and on basis of prescription can buy medicines from drug stores on hospital shops;

7. Govt buses ticket booking counter, airlines will accept them for booking tickets till Nov 11 midnight;

8. Petrol & CNG outlets, crematoriums, international airports will also have leeway to accept Rs 500 & Rs 1000 notes till Nov 11;

9. Non-cash transactions (cheques, demand draft, card payments) not to be affected;

10.ATMs to be closed on Nov 9 & 10;
All banks closed on Nov 9 for public transactions.

Follow by Email