Here's everything you need to know about exchanging Rs 500, Rs 1000

By: Team Ifairer | Posted: 09-11-2016

Here's everything you need to know about exchanging Rs 500, Rs 1000 , here`s everything you need to know about exchanging rs 500, rs 1000, rs 500, 1000 notes no longer valid, rs 500 and rs 1000 notes banned, details on how to exchange old rs 500, rs 1000 notes

Prime Minister Narendra Modi made a key announcement in his fight against black money. Addressing the nation on Tuesday evening, PM Modi abolished the currency notes of Rs 500 and Rs 1000 denominations. However, there will not be any change for other notes.

There will be no change in any other form of monetary exchange -cheque, DD, payment via credit or debit cards, he said.

From 12AM November 9 Rs 500 and Rs 1000 Notes has been banned from India. Everybody must return their Rs 500 & Rs 1000 notes to the banks within 30 December 2016. Banks will remain closed on November 9 allowing them time to cope with the new directive.

RBI will issue new currency notes of Rs 500 and 2000 from November 10 onwards. These notes will have new design. He added that ATMs will not work in some places on November 9 and November 10.

here`s everything you need to know about exchanging rs 500, rs 1000, rs 500, 1000 notes no longer valid, rs 500 and rs 1000 notes banned, details on how to exchange old rs 500, rs 1000 notes

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