Your 500/1000 notes are worth its value till December 30, provided you deposit it in your bank account. Pick the bank of your choice, and get a bank account opened. I have no bank account but my relative / friend has an account, can I get my notes exchanged into that account? This person will have to go to the bank on your behalf, with a valid identity card and your permission letter. Valid Identity proof is any of the following: Aadhaar Card, Driving Licence, Voter ID Card, Pass Port, NREGA Card, PAN Card, Identity Card Issued by Government Department, Public Sector Unit to its Staff.

Source: India Today November 08, 2016 18:18 UTC