What Should You Do With 500 And 1000 Notes Now ?

What should you do with 500 and 1000 Notes now ?

Taking a historical move to end black money in India, honorable Prime Minister of India Narendra Modi has declared ₹500 and ₹1000 notes as invalid right from 12 AM today.The bold decision came into quick implementation just after couple of hours from the announcement.

 What Should You Do With 500 And 1000 Notes Now ?-TeluguStop.com

Notes of one hundred, fifty, twenty, ten, five, two and one rupee will remain legal tender and will remain unaffected by the decision taken.Let us also remind you that there will be no restriction on any kind of non-cash payments by cheques, demand drafts, debit or credit cards and electronic fund transfer.

After a summary, now let us inform you how your 500 rupee and 1000 rupee notes can be exchanged/used.

For next 72 Hours :

* Govt Hospitals will accept 500 and 1000 rupee notes as usually.

* Railway booking counters, Govt bus ticket counter and also airline at airports consider 500 and 1000 notes as valid.

* Gas stations, Petrol and Diesel and oil companies authorized by Govt will accept the notes.

* Consumer Cooperative stores authorized by Central Government will also consider the notes valid.

* Govt milk booths, burial grounds and crematoria will also accept the notes.

How to exchange your notes with newly published :

* You can deposit your old notes into banks and post office carrying your ID card from today to December 31, 2016.( limit of 4000 till 24th November)

ATMs :

* Most of them won’t work for today and tomorrow.Will have a limit of 2000 transaction per day for few days which will be increased to 4000 rupees after that.

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