Indian 500rs & 100rs Notes Banned | How To Exchange Old Notes With Bank

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Indian 500rs & 100rs Notes Banned | How To Exchange Old Notes With Bank : 

Today PM Modi is tending to the nation from the Capital and he has effectively made heaps of declarations. PM Modiji said this is a decent shot for all subjects to take part in this battle against debasement and dark cash.

Must Check: 500 and 1000 Rs Notes

Rs 500 and Rs 1000 notes are BANNED!

This declaration has come as a stun to everybody; from midnight of November eighth i.e. today, Rs 500 and Rs 1000 notes would not be acknowledged as legitimate! Yes, they are banned and from tomorrow they are simply going to be considered as papers. PM said that these notes are significantly utilized as dark cash and subsequently, they won’t be utilized any more.

The PM has made this stride since defilement and dark cash can hamper the financial development of the nation. He trusts that psychological militants from the opposite side of the outskirt are spreading this fake cash notes.

These notes can be kept in any bank or Mail station from the tenth of November to 31st of December 2016. Individuals who have these Rs 500 or Rs 1000 notes after the 30th of December can get it traded at the RBI by offering an affirmation. This should be possible till the 31st of Walk 2017.

He advance expressed that another arrangement of Rs 2000 and Rs 500 coin notes would be coursed. In addition, banks would likewise stay shut tomorrow. Aside from that ATMs won’t work till ninth of November.

The Union Government has chosen to get rid of Rs. 500 and Rs. 1000 money notes from midnight on Tuesday. These notes will stop to be lawful delicate from the midnight of November 8, 2016, reported PM Narendra Modi in his deliver to the country on Tuesday. “These notes might be papers from tomorrow,” he said in Hindi, adding that the move is to control course of fake notes and battle blackmoney.

Individuals who posess cash notes of these division can trade them in banks and head and sub post workplaces from November 10 to December 30, by giving a substantial verification to personality, for example, Aadhar card, Dish card or voters ID card.

Post December 30, these notes will be acknowledged just by the Hold Bank of India in the wake of presenting a revelation.

Modi speech has changed the mind of every india and this is really a great thing. I must say. Share your beautiful thoughts on this !

How To Exchange Old 500rs & 1000Rs Note With Bank

For a couple days, just upto Rs. 2000 can be pulled back from ATMs. This will be improved to Rs. 4000 later. As far as possible for ATM will in the long run be altered at Rs. 10,000 every day and Rs. 20,000 every week.

There are a few exceptions: Government doctor’s facilities, drug stores at Government healing centers, open part run petrol bunks, and graveyard.

Air terminals will make courses of action to illuminate worldwide voyagers that as far as possible is Rs. 5000.

This move won’t influence charge cards, check and computerized exchange of cash.

Every other section, for example, Rs. 100, Rs. 50, Rs. 10, Rs. 5, Rs. 2 and Re. 1 and in addition coins will proceed available for use unaffected.

In a surprising broadcast address, as the NDA government finishes more than two years run on Tuesday, Mr. Modi said Rs. 500 and Rs. 1000 divisions are for the most part duplicated “from over the outskirt.”

“We have brought back Rs. 1,25,000 crores of blackmoney from degenerate individuals through different means,” the PM said.

Exchange Indian 500rs & 100rs New Note With Private Banks 

In an uncommon stride to handle the scourge of dark cash in the nation, Head administrator Narendra Modi on Tuesday said Rs 500 and Rs 1000 notes will never again be lawful from midnight today.

In his initially broadcast deliver to the country, Modi said individuals holding notes of Rs 500 and Rs 1000 can store the same in their bank and mail station accounts from November 10 till December 30. He clarified that the coin notes will be simply paper with no esteem.

“Notes of Rs 2000 and Rs 500 will be coursed soon, RBI has chosen to confine the notes with higher esteem,” he included, saying a few ATMs in the nation may not work on November 9 and 10.

He guaranteed the country that the notes of Rs 100, 50, 10 and coins of all categories will stay lawful delicate and won’t be influenced and that “this progression will fortify the hands of the normal man in the battle against dark cash.”

The administration additionally recorded a few special cases to minimize bother to the normal man, similar to doctor’s facilities will keeps on tolerating the huge monetary forms for the following 72 hours.

ATM withdrawals will be confined to Rs 2000 every day and withdrawals from ledgers will be constrained to Rs 10,000 a day and Rs 20,000 a week.

Banks will stay shut tomorrow and ATMs will likewise not work tomorrow and day after, Modi said.

He communicated certainty that the staff of banks and post workplaces will adapt to present circumstances to present the new request inside the accessible time.

He additionally communicated certainty that political gatherings, laborers, social associations and the media will go more distant than the legislature in making it a win.

Modi’s declaration comes days after a few pioneers recommended that cash notes of Rs 1000 and Rs 500 groups ought to be abrogated to check dark cash in the nation.

The PM said that dark cash to the tune of Rs 1.25 lakh crore had been uncovered amid last more than two years.

Exchange 500rs Notes & 1000rs Notes With Petrol Pumps Till 11 November

In a noteworthy stride to check dark cash, Head administrator Narendra Modi on Tuesday reported demonetization of Rs 500 and 100 coin notes with impact from midnight, making these notes invalid in a noteworthy ambush on dark cash, fake money and defilement. In his broadcast deliver to the country, Modi said individuals holding notes of Rs 500 and Rs 1000 can store the same in their bank and mail station accounts from November 10 till December 30.

Modi said the notes of Rs 500 and Rs 1000 “won’t be lawful delicate from midnight today evening time” and these will be “simply useless bit of paper.” Nonetheless, he said that all notes in lower division of Rs 100, Rs 50, Rs 20, Rs 10, Rs 5, Rs 2 and Re 1 and all coins will keep on being substantial. He likewise declared that new notes of Rs 2000 and Rs 500 will be presented.

He said the administration has been battling the danger of dark cash and defilement as far back as it accepted power two years prior. He likewise encouraged individuals to help government in its battle against fake coin and dark cash.

The executive communicated certainty that the staff of banks and post workplaces will adapt to present circumstances to present the new request inside the accessible time. He said he is cheerful that political gatherings, laborers, social associations and the media will go more distant than the administration in making it a win.

So guys what are your views ?. Do let us know in comments !

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