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Thursday, November 10, 2016

Old rupees 500 and 1000 RBI exchane form requisition slip annex 5 with download link 09.11.2016

India was fighting with black money for a long time. It was becoming tough for the Indian govt to stop black money spread. So Indian govt. decided to specially our beloved PM Sri Narendra Modi decided to withdraw present available large currencies like Rupees 500 and 1000 notes. This step of Indian government definitely took away sleep of black money keepers. Some people are claiming that this is another surgical strike of Indian government but this time against black money holders. Almost every people of India are supporting this step taken by govt. of India except the black money keepers. Our PM declared that from 09.11.2016 500 and 1000 rupees notes are no longer valid for any kind of transaction. He also addressed to public that there is no need to panic as govt has arranged for exchange of 500 and 1000 rupees note. In this post we are defining everything regarding the present rupee exchange procedure in question and answer mode. Hope this tutorial will clear your every doubt you are having right now. Feel free to share this article and subscribe our email newsletter for more updates.

Q1.Why rs 500 and 1000 notes are banned?

As you already know the main moto of this present government is to make India a corruption free country and corruption has direct link with money and this money is black money (money earned cheting common people and government). Most balck moneys are dealed with cash with bigger currency values. So to stop it government has decided to put ban on 500 and 1000 rupees notes.
Another important reason behind it is fake currency; because of this fake currency common people are suffering the most. Common honest people are suffering the most just because of these fake notes.

Q2. I have 500 and 1000 notes, what should I do now?

If you have these notes then you can exchange then from any bank and post office near you.

Q3. Where can I exchange 500 noted 1000 notes?

You can exchange notes from any RBI offices as well as public bank, private bank and all post offices branches.

Q4. How to exchange my 500 and 1000 from post office and bank?

(a) For bank account holders:

If you have bank account then go to your bank branch or another branch of same bank and exchnage upto rupees 4000. If want to deposit more than 4000 then this amount will be credited to your account.

(b) For non bank account holders:

If you do not have bank account then do not worry. All you have to do is to carry a valid ID proof and exchange upto rs 4000 from any bank and post office brances.
I want to exchange more than rs 4000, how will I do it?

Q5. How much cash can I withdraw from my account?

At present cash withdraw limit from account is 10000 per day and 20000 per week.

Q6. Any restriction on ATM cash withdraws?  

At present maximum rs 2000 can be withdrawn in a day but after 18.11.2016 limit will be raised to rs 4000.
At present you can withdraw 10,000 in a day and 20,000 in a week till 24.11.2016

Q7. I just want to deposit cash to my account, is there any restriction?

If you have a bank account and if you have submitted KYC then you don’t have to worry about cash diposit.

Q78. Will cash accepter machine accept my 500 and 1000 notes?

For this process you must have a running bank account. The cash accepter machine will surely deposit your money to your account.

 Q89. What is the last date of 500 and 1000 rs note exchange?

According to the government notification people have to exchange money on or before 30th december 2016. RBI will also give opportunities to people who are unable to exchange money but for that specified document will be required which will announced by RBI later.

Q10. What kind of ID proof needs for exchange?

Any govt. issued ID card like Voter ID, Aadhar card, PAN card etc.

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