Home / Bank And ATM Exchange Restrictions / {Started} Withdrawal / Exchange of Old Currency of 500 & 1000 Rupees Notes

{Started} Withdrawal / Exchange of Old Currency of 500 & 1000 Rupees Notes

{Started} Withdrawal / Exchange of Old Currency of 500 & 1000 Rupees Notes

Finally exchange / Flushing of old currency of Rs 500/1000 rupees note with new latest currency of Rs. 2000 note has been started and we can see lot of crowd accumulated outside the banks and also we can witnessed large number of peoples gathering in Que out side ATM. Also we can see lot of security inside and outside of banks to avoid any misconduct or any panic inside the banks with the people. Lots of government officials have been stationed outside the banks to make everything go smooth and easy.

Exchange of Old Currency of 500 & 1000 Rupees

Also we can see peoples gathering outside Post offices for the exchange of Old denomination of Rs. 500/ Rs. 1000 which has been banned by P.M Narendra Modi from 9th of Nov 2016. Most important thing is we have to carry original documents such as Passport, Pan card, Election Card or any government documents for identity proof. Lot of peoples were refused to exchange 500 and 1000 note due to lack of identity proof so it will be our advice to all our readers that please carry your identity proof with you during exchange of currency of old 500 and 1000 rupees. Also we can see only 2000 rupees per person is been provided in exchange of old currency so avoid carrying more than 4 to 5 thousand rupees at the time of exchange.

Withdrawal of New Currency of New 2000 Rupees Note

Lot of havoc has been created in last 2 days so it will be our responsibility to stay calm and don,t panic during the process of exchange as well as withdrawal of new currency from the banks and ATM. As we can see almost full India moving towards the banks and post offices for exchanging and depositing their old (banned) currency of 500 and 1000 rupees. There is a chance of people going into panic state and creating riots outside the banks and ATM’s. Stay calm and stay safe and help our nation to wipe out all the black money from the country.

India’s PM Narendra Modi has official announced  that RS 500 and RS 1000 note will be banned from 9th November, 2016 midnight.  PM Narendra Modi has taken this bold step just to stop corruption and black money in India which is weakening the nation’s root. Also PM NaMo wants to stop terrorism from India.

How To Exchange Banned Old Rs. 500/1000 Notes

Some important things that you people have to keep in mind. The entire India is asking only one question that how we can get rid of or how we can exchange or deposit our Rs 500 and Rs 1000 note? So here we are giving a full procedure in which we have given some important tips to convert tour old Rs 500 and Rs 1000 notes. Have a look below for further information’s.

Bank Restrictions On Deposit / Exchange Rs. 500/1000 Note

On 9th & 10th of November the AMT will be closed and from 10th November, 2016 to 30th December, 2016 you will be able to exchange or deposit your old currency in your banks and post office and there is no limit. But banks have said that people can withdraw an amount of 10,000 per day and also amount of Rs 20,000 per week. It is reported that this limitation will be increased. As per the reports, banks will be kept closed on 9th of Nov to cope up with new program.

How To Get Rid of ₹ 500 and ₹ 1000 Notes, Exchange Of ₹ 500 and ₹ 1000 Notes, Bank And ATM Withdrawal Limitation, Restrictions, Exchange Restriction, Suggestions

What To Do Next And How To Get Rid/Exchange ₹ 500 and ₹ 1000 Notes

Bank Limitations On Withdrawal Of Money From 11th Nov

The next step is that you can exchange your Rs 500 and Rs 1000 notes directly form the bank or head or sub post office and there are limitations that only Rs 4000 per day and till 24th of November. Make sure you take your valid original identity proof with you like Aadhaar card, PAN card, passport, driving license or election card.

PM Modi Speech on Banning Rs 500/1000 Notes In Hindi

ATM Restrictions On Withdrawal Of Money From 11th Nov

Now talking about restriction on withdrawal from ATM, ATM’s will be closed on 9th and 10th of NOV. From 11th of NOV you people can withdraw only amount of Rs 2000 per day and it is reported that this amount will be increased to Rs 4000 in future. Also ATM will not provide Rs 500 and Rs 1000 notes.

How To Get Rid of ₹ 500 and ₹ 1000 Notes, Exchange Of ₹ 500 and ₹ 1000 Notes, Bank And ATM Withdrawal Limitation, Restrictions, Exchange Restriction, Suggestions

What To Do Next And How To Get Rid/Exchange ₹ 500 and ₹ 1000 Notes

When To Exchange Banned Old Rs. 500/1000 Notes

Another big question is that where you people can still use Rs 500 and Rs 1000 notes? As per the statement given in the speech by PM Narendra Modi, people will be able to use their old Rs 500 and Rs 1000 note till 11th of November at the government authorized places and also in institutions such as Hospitals. You can still use your old currency for booking Railway, airlines and bus tickets till 11th. Also you can use them to topup your petrol, diesel and gas tanks only at authorized companies. Also consumer co-operative stores will accept your money. And also at milk booths and at crematoriums and burial grounds but only till 11th of November, 2016.

You can get your new currency of Rs 500 and Rs 2000 from 10th November as RBI have issue the new design notes.

When To Exchange Banned Old Rs. 500/1000 Notes

So gathered all your Rs 500 and Rs 1000 notes and deposit to your nearest banks. For daily usage try to collect Rs 50 and Rs 100 note as it would be difficult for you to exchange till the system gets stabilized.  Try to avoid big transaction and you can do online transaction like debit & credit card transactions.

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