People are searching on internet and government websites about procedure of 500 and 1000 notes exchange so that those having genuine white money should not be affected. But, the question is, Why Modi government has taken a harsh step so sudden and 500 and 1000 notes are banned In India. We can see social media is flooded with the question, “Why 500 and 1000 notes are banned in India?”. We are here to discuss today’s trending of 500 and 1000 notes India. Do you want know how to change 500rs note and 1000rs note? If by chance you have no idea about doing it and how to do it then clam down, we will give you detailed guidelines regarding how to change 500rs and 1000rs note in Bank.
500 and 1000 Rupee Notes Banned In India
How To Change 500rs and 1000rs note In Bank
- You have to show your ID card while visiting the banks to change your notes.
- You can only exchange 4000rs on daily basis if you want to exchange your old notes.
- You can exchange your old notes limit of Rs 4000 till November 24, 2016.
- If you are having 500rs and 1000rs note then you can change their notes in Bank and Post office.
- You can only withdraw 10000rs and Rs. 20000 per week.
- 500 and Rs. 1000 note will be carry no value in the market.
- You can deposit any amount of money in your bank account by 30thDecember 2016.
- ATM will remained closed for two days (non working) on on 9thNovember and 10th November.
Official AnnouncementPrime Minister Narendra Modi, in a sudden address to the nation on Tuesday, announced that Rs 500 and Rs 1,000 denomination notes are being withdrawn from midnight. He said that such notes will become “mere paper” having “zero value”.
On 8th November, 2016 at around 6 P.M there was a official announcement regarding 500 and 1000 notes banned in India. Also, It was announced that all ATM’s will remain close on 9th and 10th November in lieu of 500 and 1000 currency banned in India so that all the notes will be exchanged in return of 100, 2000 and 10000 notes India.
In a recent move Narendra Modi has declared that 500rs and 1000rs note will not be in circulation. Now people are looking for how to change this 1000rs and 500rs note that they are having. We have given you simple guidelines on how to change this notes in the government and private bank.
Before moving on how to change Note in Bank we wanted to let you know that Rs.1, Rs.2, Rs.5, Rs.10, Rs.50, Rs. 100 notes are still in circulation.
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