Demonetisation of Rs 500 and Rs 1,000: Here is all you must know

Updated: Nov 15, 2016, 14:11
  • Demonetisation of Rs 500 and Rs 1,000: Here is all you must know
    You can withdraw from ATMs upto a maximum of Rs 2,500 per card per day upto November 18, 2016. The limit will be raised to Rs 4000 per day per card from November 19 onwards
    1/11
  • Demonetisation of Rs 500 and Rs 1,000: Here is all you must know
    New currency notes of Rs 500 and Rs 2,000 were made available for people to withdraw from ATMs across the country starting November 11
    2/11
  • Demonetisation of Rs 500 and Rs 1,000: Here is all you must know
    People holding old notes of Rs 500 and Rs 1,000 can deposit the same in their bank and post office accounts from November 10 till December 30
    3/11
  • Demonetisation of Rs 500 and Rs 1,000: Here is all you must know
    Those unable to deposit old Rs 1,000 and Rs 500 notes till December 30 this year can do so in designated RBI offices till March 31 next year after filling a declaration form
    4/11
  • Demonetisation of Rs 500 and Rs 1,000: Here is all you must know
    Rs 500 and Rs 1,000 old notes can also be exchanged with lower denomination currency notes at banks and post offices on production of valid government identity cards till November 24. For now, the maximum amount that can be exchanged is Rs. 4500. Make sure you carry a valid identity proof
    5/11
  • Demonetisation of Rs 500 and Rs 1,000: Here is all you must know
    One can withdraw cash against withdrawal slip or cheque subject to ceiling of Rs 24,000 a week (including withdrawals from ATMs) upto November 24, 2016, after which these limits shall be reviewed
    6/11
  • Demonetisation of Rs 500 and Rs 1,000: Here is all you must know
    Old Rs 500, Rs 1,000 currency notes can be used to buy fuel, air and railway tickets and pay govt hospital fees till November 24
    7/11
  • Demonetisation of Rs 500 and Rs 1,000: Here is all you must know
    As many as 82 per cent Indians favour the government's decision to demonetise Rs 500 and Rs 1,000 denomination currency notes, a survey has said. According to the survey by Inshorts in collaboration with IPSOS, 84 per cent of the respondents think the government is serious about curbing black money, while 52 per cent disagree with the decision to cap ATM withdrawls to a maximum of Rs 2,000 (since increased to Rs 2,500) daily.
    8/11
  • Demonetisation of Rs 500 and Rs 1,000: Here is all you must know
    There is no limit on the amount of money you can deposit in your KYC compliant bank account. You can use NEFT/RTGS/IMPS/Internet Banking/Mobile Banking or any other electronic/ non-cash mode of payment uninterrupted
    9/11
  • Demonetisation of Rs 500 and Rs 1,000: Here is all you must know
    Assuring people that their hard-earned money is safe, the Finance Ministry yesterday said there is no need to panic and depositing junked Rs 500/1,000 notes of up to Rs 2.50 lakh in bank accounts will not be reported to the tax department
    10/11
  • Demonetisation of Rs 500 and Rs 1,000: Here is all you must know
    The government will use indelible ink like during elections to prevent people from making more than the permissible number of times cash withdrawal from bank counters, it was announced on Tuesday. Economic Affairs Secretary Shaktikanta Das told the media that Prime Minister Narendra Modi held a second review meeting on demonetisation with officials of the Finance Ministry and the Reserve Bank of India (RBI) to ascertain why there continued to be such long queues at banks
    11/11
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About The Gallery

Ever since Prime Minister Narendra Modi’s announcement on November 8, declaring Rs 500 and Rs 1,000 as invalid notes, there has been chaos all over the country. Here’s a round up of the note-worthy issue

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