Prime Minister Narendra Modi, will be going to take a major step to identify the black money, as Rs 500 and Rs 1000 notes will be invalid from Midnight.
After the announcement of the history turning step, everybody’s heartbeats are on the peak.So,stay calm and read some important banking details:
- On November 9 and in some places on November 10, ATMs will not work.
- Let-up for people for the opening 72 hours, govt. hospitals will accept old Rs. 500 and 1000 notes till 11 November midnight.
- Crematoriums and cemeteries will also be allowed to transact 500 and 1000 notes till November 11.
- There will be no change in any other form of currency exchange be it cheque, DD, payment via credit or debit cards etc.
- Those unable to deposit Rs. 1000, Rs. 500 notes by December 30 for some reason, can change them till March 31, 2017 by furnishing ID proof.
- Notes of Rs. 2000 and Rs. 500 will be circulated soon, RBI has decided to limit the notes with higher value.
