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How to exchange Rs. 500 and Rs. 1000 notes?

How to exchange Rs. 500 and Rs. 1000 notes?

Modi Recently Declared By All Over India In ₹500 & ₹1000 Old Notes Closed And Then After New Notes Published Shortly.So How To Exchange Of ₹500 & 1000 Notes.This Related Artical Given Below.Those who have Rs. 500 and Rs. 1000 notes in hand will have to have them exchanged or deposited. There are two places where these notes can be exchanged or deposited – banks and post offices. For banks, all national and private banks in India have been instructed to have the notes exchanged or deposited. There is no word on whether a person without an account can have such notes exchanged or not. However, the likelihood of that being allowed is very high because anyone who wants the notes to be exchanged needs to carry a valid identity proof. The documents which will be allowed or accepted as identity proof will be:

√PAN Card
√Aadhaar Card
√Voter ID Card
In case of post office, all head post offices as well as sub post offices will allow such exchanges. One thing you need to know about the exchange is that there is limit set for this exchange. One person cannot exchange more than Rs. 4,000.


This deposit can be done till December 30, 2016 and those who want to get the money exchanged will have to do so by November 24, 2016. However, those who fail to get the notes exchanged within that time will be given a second chance to have the notes exchanged. However, those availing the second chance will have to physically visit RBI along with a declaration and identity proof to have the notes exchanged. The time frame for this second chance will be March 31, 2017. In case someone fails to comply (that is have the notes exchanged within that extended time frame), no more exchange requests will be entertained and people will simply lose money.

~>Important Dates About Of This Old Money Exchange
You can deposit Rs. 500 and Rs. 1000 notes in banks or post officesDate till which this deposit will be allowed: 30.12.2016 (DD.MM.YYYY)

You can exchange Rs. 500 and Rs. 1000 notes in banks or post officesDate till which this exchange will be allowed: 24.11.2016 (DD.MM.YYYY)

If notes are not exchanged at banks or post offices within November 24, they can be exchanged at RBIDate till which exchange at RBI will be allowed: 31.03.2017 (DD.MM.YYYY)

There is an exchange limit setNo more than Rs. 4,000 can be exchanged.

Final Word.
So, if you are in possession of these Rs. 500 and Rs. 1000 currency notes, have them exchanged or deposited right away else, you may have to repent.

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