- Exchange Rs 500, Rs 1000 notes at banks, post offices till Dec 30
- Citizens must present Aadhar card and PAN card to exchange old notes
- After Dec 30, old notes can be exchanged at RBI with a declaration
A proposal for new 500 and 2,000 rupee notes has been cleared by the Reserve Bank of India.
There will be no change in any other form of monetary exchange -- cheque, DD, payment via credit or debit cards, he said.
Here's what you need to do with your 500 and 1000 rupee notes.
- Deposit them at the bank or post office from November 10 to December 30
- Exchange them from a bank or post office till 24 November. The limit for exchange is Rs 4000
- Take Aadhaar card and PAN Card when you go to exchange notes
- After December 30, these can be deposited at the Reserve Bank with a declaration
- Tourists can change the notes at airports
- Petrol Pumps and government hospitals
- Railway, airline, government bus ticket booking counters
- Consumer co-operative stores run by state or central government
- Milk booths authorized by state governments
- Crematoriums and burial grounds