You can either deposit or exchange Rs 500, Rs 1000 Notes as follows:
- You can deposit Rs. 500 and Rs. 1000 notes either at your bank or the post office.
- The acceptance of such notes will be effective from November 10th to December 30th of 2016.
- You can also exchange them from a bank or post office till 24 November.
- However, the limit for such exchange is Rs.4000.
What if you would not be able to meet the deadline of December 30?
Don’t worry! After December 30, you can still deposit them at the Reserve Bank of India (RBI). However, you’ll require to submit a declaration.
What document you need to carry while exchanging the notes?
All you need is to take Adhaar card and PAN card along with you at the time of exchanging notes.
How would tourist be able to exchange the notes?
For tourists, the exchange facility is available at airports.
Note: Your 500 and 1000 rupee notes will be accepted till November 11 at: – Railway, airline, government bus ticket booking counters, Petrol Pumps, Consumer co-operative stores run by state or central government, Crematoriums and burial grounds, Milk booths authorized by state governments, and Government hospitals.