Here’s What You Have to do With Old Rs 500 and Rs 1,000 Currency Notes

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November 8, 2016

Representative image. (Photo Credit: Reuters)

Your Rs 500 and Rs 1,000 denomination notes will be worthless paper after midnight tonight. If your head is still spinning from the momentous announcement of the government to demonetize currency notes of higher denominations, here’s a simple guide of what to do and what not to do:

November 8, 2016

Representative image. (Photo Credit: Reuters)

Your Rs 500 and Rs 1,000 denomination notes will be worthless paper after midnight tonight. If your head is still spinning from the momentous announcement of the government to demonetize currency notes of higher denominations, here’s a simple guide of what to do and what not to do:

# The Rs 500 and Rs 1,000 notes can be deposited at banks or post offices between November 10 and December 30.

# Some limits have been placed on withdrawals from ATMs and banks in the very short run.

# Notes of denomination Rs 500 and Rs 1,000 will be accepted at the following places for 72 hours:

– Government hospitals and pharmacies

– Railway and airline ticket booking counters

– Government buses

– Petrol, diesel and gas stations of PSU companies like Indian Oil & Hindustan Petroleum

– Government authorized consumer cooperative stores and milk booths

– Crematoria and burial grounds

# No restrictions on non cash payment by cheque, demand draft, debit/credit cards or electronic fund transfers

# Do not exchange others’ cash, just turn in your own notes

# Helplines in Mumbai and Delhi will be operational from 8am on Wednesday for queries. The Mumbai numbers are 022-22602201, 022-22602944 and the Delhi number is 011-23093230


Courtesy: News18

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