1. Currency notes of Rs 500 and Rs 1000 denominations will not be legal beginning November 9
2. New notes of Rs 500 and Rs 2,000 would be released and circulated soon
3. ATMs will not work on November 9, and at some places on November 10 as well
4. Those unable to deposit Rs 1000, Rs 500 notes by December 30 for some reason, can change them till March 31, 2017 by furnishing ID proof
5. People can deposit notes of Rs 1000 and Rs 500 in their banks from November 10 till December 30, 2016
6. Currency notes of Rs 1000 and Rs 500 will be just paper with no value
7. Banks will remain closed on 9th November
8. All banks and post offices will remain shut tomorrow
9. Cashless fund transfer won't be affected by this
10. Respite for people for the initial 72 hours, Govt hospitals will accept old Rs 500 and 1000 notes till 11 November midnight
11. Some medical facilities will be exempted from this for the time being
12. Rs 20,000 weekly cap on exchange of Rs 500 & Rs 1,000 notes
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Impact of withdrawal of currency notes?
Replies (13)
no money will be locked by bank. bank will exchange your money instantly.
I am abroad till April 2016. I have few 500 INR notes. which is the way out.
On arrival - if before 31st March 2017 - can be exchanged from RBI.
Later may also provide facilities like getting it exchanged over the counter at Airports.
at international airports only upto rs 5000/- is exachangable. and if you deposit in ur bank account an amount more than rs 4000/- you'll be able to get back only rs. 4000/- in cash, balance will be credited in your bank account within the bank.
try to use debit card and credit card and ecs most
Convert your money via PayPal account
one can also exchange notes in international branches of Indian banks.
limit of cash deposit for bank 10 to 30 December any person saving and current account
people who are abroad may deposit their INR in any Indian back branch there
what would be the limit for depositing cash into banks without furnishing PAN no., whenever they will be open?
to the best of my knowledge it will be upto Rs.50000.
एक व्यक्ति ३० दिस्मबर के पहले कितने पेसे एक साथ जमा करा सकता है बचत खाते और चालू खाते में जिससे उसको टैक्स में छूट मिल सके ? और वह आयकर के दायरे में नहीं आ सके और जो आयकर देता है वह कितने तक जमा करा सकता है ? और व्यापारी कितने तक जमा करा सकते है ?
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