async='' From Midnight Tonight Rs 500 And Rs 1000 Notes Are Pulled Out, Says PM Modi ~ OdiaInfo.In

Tuesday, November 8, 2016

From Midnight Tonight Rs 500 And Rs 1000 Notes Are Pulled Out, Says PM Modi

  1. Rs 1000 and Rs 500 currency notes in circulation in the country will become illegal from midnight of November 8-9
  2. They will have no value from midnight
  3. Rs 100, Rs 50, Rs 20, Rs 10, Rs 5, Rs 1 notes and all coins remain legal tender
  4. Old notes of Rs 1000 and Rs 500 can be deposited at all bank branches and all post offices across the from November 10 to December 30
  5. An ID proof like Aadhar Card, Passport, Bank Pass Book will have to be presented while depositing the notes
  6. The money thus deposited in an account will remain with the account holder
  7. ATM counters and bank branches will remain closed on November 9 (tomorrow) and in some places even on November 10
  8. New Rs 500 and Rs 2000 denomination notes will be available from November 11. No new Rs 1000 notes will be issued by the Reserve Bank of India.
  9. From November 11 there will be a maximum draw limit of Rs 2000 at ATMs, later it will be increased to Rs 4000
  10.  From 72 hours from midnight of tonight i.e. till the midnight of November 11, government hospitals, railway and government bus counters, airline ticket counters, milk booths, petrol/diesel/CNG pumps, state co-operatives, crematoria and burial grounds will continue to accept old notes.

    What You Can Do With Your Rs 500, Rs 1000 Notes :


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


    No restriction on non-cash payments including transactions by cheques, demand drafts, electronic fund transfers, debit and credit cards.

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