Recently on 8 November 2016 in Mid Night All 500 and 1000 rupee Notes are Banned by Indian Govt.Now You cannot Use 1000 and 500 rupee Notes More in anymore.All you thinking what we can do your 500 & 1000 Rupee Notes Money.No Problem, Now You have Chance to Exchange your 500 and 1000 Rupees Notes in 50 & 1000 Rupess Notes as well after the Banned of 500 and 1000 notes Now Indian Government Announce the New 500 and 2000 rupee Notes Which can Come in Bank after 10 November 2016.Five Hundreds Rupee Notes and One Thousand Rupee Notes are Not Accepted More.If you want Change Your Old Notes Then Follow Given Below Instruction.
Why Indian Government Banned 500 & 1000 Rupee Notes:
All You Know That In India there was Lot of Black Money So our PM Modi Take a Decision to Find All Black Money with this Method This is Very Helpful For Normal Indian People. Government of India believes that by taking this decision we can hit black markets down and you would be least circulation of black money and fraud would not take place.This Decision is Good for the Normal People and Bad News for the BlackMaster So this Can Help to Make india more Good like foreign Country.
How to Exchange 500 & 1000 Rupee Notes:
- You can Deposit them at the bank or post office from November 10 to December 30.
- You can also Exchange them from a bank or post office till 24 November. The limit for exchange is Rs. 4000.
- You Need to Take Aadhaar card and PAN Card Proof when you go to exchange notes.
- After December 30, these all 500 and 1000 rupee Notes can be deposited at the Reserve Bank with a declaration.
- Tourists can change the notes at airports.
Is any restrictions on other transactions:
There are no restrictions Debit, Credit card payment, cheque, demand draft, electronic funds transfer etc. There is a limit on daily and weekly withdrawals. Now You can only withdrawals Rs 2000 per day from ATM and You can withdrawals from bank accounts will be limited to Rs 10,000 a day and Rs 20,000 a week.I think these Restrictions is not permanent.
If you have any question in your Mind then ask us by Contacting us.I will try to help you.All the People is saying that this Pm Modi Decision is Good Decision for all the Fraud.Who can have a Black money.Duo to this all the Black Money Come Out.So if you like How to Change 1000 & 500 Old Notes article then share it with you Friends So that they Can also Exchange that.