Exchange 500 and 1000 Rupee Notes: On Tuesday Prime Minister of India Mr. Narendra Modi took a big decision so ban 500 and 1000 rupee notes. The government has took this decision to stop the spread of counterfeit notes that is aiding terror activities from across the border and flush out black money. Modi said “starting midnight the notes of 500 and 2000 will only be worth the paper they are printed on”. After this big decision there are many questions coming in people’s mind. The main questions are what to do with 500 and 1000 notes? How to Exchange 100 and 1000 notes? So here we are with answers of all your questions. So please read this article completely.
Exchange 500 and 1000 Rupee Notes | New Notes of Rs 500 and Rs 2000
At one side Modi banned 500 and 1000 rupee notes and on other side Reserve Bank of India has decided to issue new 500 and 2000 notes. There will be no change in any other form of money exchange like cheque, DD, Payment through net banking, credit card and debit card etc. Let’s move on the topic i.e. how to exchange 500 and 1000 rupee notes.
Exchange Rs 500 and Rs 1000 Notes
- Deposit the 500 and 1000 rupee notes in bank or post office till 30th
- Exchange 500 & 1000 rupee notes from bank or post office till 24th You may exchange maximum 4000 rupees.
- You need to take Aadhaar card and PAN card when you go to exchange your 500 and 1000 rupee notes.
- After 30th December, the notes of 500 and 1000 rupee can be deposited to Reserve Bank with a declaration.
- Tourist can change 500 and 1000 notes at airports.
Your 500 and 1000 Rupee notes be accepted till November 11 at:
- Petrol Pumps
- Government hospitals
- Railway, government bus, ticket booking counter, airline
- Consumer co-operative stores run by state or central government
- Crematoriums and burial grounds.
- Milk booths authorized by state governments.
We want to inform our users that ATM’s will be remain closed for 2 days that are 9th and 10th November and the banks are closed for 09th November. The exchange of 500/1000 notes will be done by bank from 10th November. So we appeal people to not to panic after PM Modi decision to ban 500 and 1000 rupee notes because they can exchange them easily after following guidelines of government.
Here we have updated how to exchange 500 and 1000 rupee notes from bank and post office. If you have any other question regarding ban of 500/1000 rupee notes then please ask through commenting below. We would feel pleasure to help you .