Here is what you can do with your Rs 500, Rs 1000 notes

Venkatesan R Updated - January 15, 2018 at 08:15 PM.

new-500-1000

* Deposit old notes of Rs 500 and 1000 in banks or post offices between November 10 and December 30, 2016.

* There will be an initial limit of Rs 10,000 per day and Rs 20,000 per week on withdrawal of money. This limit is to be increased soon.

* ATMs will not function on November 9 and at some places on November 10 as well.

* The notes can also be used at designated fuelling stations till Nov 12.

* Arrangements have been made at airports so that travellers entering/leaving the country are not inconvenienced.

* Rs 500, Rs 1000 notes will be accepted at hospitals, drug stores till Nov 12.

* Those who are unable to, can exchange notes till March 31, 2017 at specified RBI offices after furnishing proper declaration.

* Deposit old notes of Rs 500 and 1000 in banks or post offices between November 10 and December 30, 2016.

 

Published on November 8, 2016 16:44