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How to Exchange Banned Rs 500 And Rs 1000 Currency Notes In India

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How to Exchange Banned Rs 500 And Rs 1000 Currency Notes In India
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Government of India Banned Rs 500 And Rs 1000 Currency Notes, this tight step has been taken by the indian government to fight against fake currency and black money. Prime Minister Narendra Modi has announced that Rs 500 and Rs 1000 indian currency notes will be withdrawn from circulation with immediate effect from 08 november 2016 midnight.

“Black money and corruption are the biggest obstacles in eradicating poverty,” Narendra Modi said to the nation. Notes of Rs 2000 and Rs 500 will be circulated soon.

How to Exchange Banned Rs 500 And Rs 1000 Currency Notes In India:

you can deposit your old currency notes of rupees 500 and rupees 1,000 denominations in post offices and banks from 10th november 2016 till 30th December 2016.You have to provide identity proofs to get your notes exchanged/deposited in post offices or banks

Identity proofs required for Exchanging Banned Rs 500 And Rs 1000 Currency Notes In India:
Non account holders can provide the below Identity proofs

  • Aadhaar card
  • PAN card
  • Election Card(voter ID card)
  • Driving License
  • PassPort
  • NREGA Card
  • Identity Card Issued by Government Department
  • Identity Card Issued by Public Sector Unit to its Staff

account holders can provide the below Identity proofs
Account holders can deposit Rs500 and Rs1000 notes in banks and post offices with proof of identification such as a PAN card or an Aadhaar card.

If you are NRI and hold an NRO account you can deposit old/banned Rs500 and Rs1000 notes to your NRO account.

If you are not able to exchange/deposit your old 500 rupees and old 1000 rupees money within 30th December 2016 than you have to exchange/deposit money with reserve bank of India directly by 31st March 2017.

Download Application Form To Exchange Old High Denomination Bank Notes —>> Application Form To Exchange Banned Rs 500 And Rs 1000 Currency Notes <<