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Everything you need to know about Ban on ₹ 500/1000 notes

News and Press Release - Dated:- 9-11-2016 - The Govt. has decided to discontinue the legal tender character of high denomination bank notes of ₹ 500 and ₹ 1000. In other words, such notes will not be a legal tender from midnight of Novem .....

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notes of ₹ 500 and ₹ 1000 at any of the 19 offices of the RBI or at any of the bank branches or at any Head Post Office or Sub-Post Office from 10thNovember onwards till 30th December, 2016. The RBI will issue two new notes of ₹ 2,0 .....

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dit of money into your Bank account only. 3. Withdrawal from ATMs shall be restricted to ₹ 2,000 per day per card up to 18thNovember, 2016. The limit shall be raised to ₹ 4,000 per day per card from 19thNovember, 2016. 4. You can withdraw .....

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y cheques, demand drafts, mobile wallets or debit or credit cards and electronic fund transfer. 6. The existing notes of ₹ 500/1000 can be used till 11th November, 2016 for payment in any government hospitals, to purchase bus tickets at governm .....

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tourists. 7. In case it is not possible for you to visit the branch you may send your representative with an express mandate, i.e. a written authorisation. 8. All ATMs, Cash Deposit Machines, Cash Recyclers and any other machine used for receipt and .....

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