5-Point Guide To How To Get Those New 500 And 2,000 Rupee Notes

5-Point Guide To How To Get Those New 500 And 2,000 Rupee Notes

 

5-Point Guide To How To Get Those New 500 And 2,000 Rupee NotesNEW DELHI:  A detailed infographic tweeted by Finance Secretary Ashok Lavasa makes things a lot simpler.

  1. Do you have notes of Rs. 500 and Rs. 1,000? You can’t use them, they’ve been banned.
  2. So now what? Well, you can deposit them at banks or post offices – starting tomorrow and till the end of the year.
  3. You can trade them – for a maximum of Rs. 4,000 (Friday to November 24) and for larger amounts after that.
  4. Starting Friday, you can make withdrawals to get new notes. At a bank, you are limited to Rs. 10,000 a day and Rs. 20,000 a week.
  5. You can also use ATMs to get the new notes upto Rs. 2,000 a day, starting on Friday. You can use your ATM to get twice that amount in new notes from the 19th.
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