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

Updated On: 15 November, 2016 02:10 PM IST |

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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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
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
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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
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
04
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
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
05
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
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
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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
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
07
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
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
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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
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
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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
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
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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
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
11
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
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
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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
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
13
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
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
14
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
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
15
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
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
16
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.
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.
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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.
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.
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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
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
19
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
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
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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
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
21
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
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

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