Procedure to exchange 500 and 1000 note with 2000 notes

Procedure to Exchange Rs 500 and Rs 1000 Note with Rs 2000 Issued from bank

Today’s decision was not sudden… It merely started with bank account for all. Then linked bank accounts with aadhar… Then brought disclosure of bank account passport and aadhar no. in income tax return… Add to it the various data mining and collection tools in the hands of the income tax department… Then the income disclosure scheme… And this masterstroke… Truly a systematic change in the last 2 years!!!

Must Read : Find 200% Penalty Calculation On Deposit Money In Bank

Timing is also key – 8 pm announcement means no possibility to make last moment transaction at jewellers shop or any impact on share market
Guys, just look at the timing! He’s totally screwed the satta bazaar who are betting thousands of crores on the US elections results today. The results will be out by 1 am, whereas the currency notes will be worthless from 12 am tonight…What a Master Stroke Modi Ji. A perfect surgical strike on Black Money!!

New Rs 500 Currency Note
Rs 500 New Currency note

Procedure to Exchange Rs 500 and Rs 1000 Note with Rs 2000

Process With Duration Limits Where You Need
Exchange Old Notes

…New Notes

10 NOv-24 Nov

25 Nov – 30 Dec

4000

>4000

Adhar card, Voter Id, Ration Card, Passport
Deposit Old Notes

 

10 Nov – 30 Dec No Limits Banks & Post Office A Valid Bank Account or Post Office Account
Deposit Old Notes 31 Dec – 31 Mar No Limits RBI Specilised Office Id Proof, Pan Card & deceleration Form
Withdraw New Notes 10 Nov Onwards Max 2000/ Day

Max 4000/ Week

Bank Counter

Post Office

Withdrawl Slip or Cheque
Withdraw New Notes 10 Nov – 18 Nov

19 Nov Onwards

Max 10000/ Day

Max 20000/ Week

ATM ATM
Shopping Old Notes 8 Nov onwards No Value No Where Only New Notes
Shopping New Notes 10 Nov Onwards No Limit Any Where New Notes
Payment Old Notes 8 Nov Onwards No Value No Where New Notes
Payment New Notes 10 Nov Onwards No Limit Any Where New Notes
Payment Credit/Debit Card/Cheque/DD/Online/E-banking All Days No Limit Any Where Valid Transaction Medium

New Rs 2000 Currency Notes

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