Rs 500, Rs 1000 notes scrapped: All you need to know and do in next few days - News Summed Up

Rs 500, Rs 1000 notes scrapped: All you need to know and do in next few days


Prime Minister Narendra Modi on Tuesday announced that Rs 500 and Rs 1,000 rupee banknotes would be withdrawn from circulation at midnight to crack down on rampant corruption and counterfeit currency. Here’s what you need to know and do in the next few days:Where can I exchange/ deposit my Rs 500 and Rs 1000 notes? You can also exchange Rs 500 and Rs 1000 notes for lower denomination at banks, head post offices and sub-post offices. But from November 11, you can withdraw money and ATMs will stop dispensing the existing Rs 500 and 1000 notes. Where can I still use my Rs 500, Rs 1000 notes?


Source: Hindustan Times November 08, 2016 15:34 UTC



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