How to replace 500 and 1000 notes Currency into New 500₹ and 1000₹, 2000₹ new Notes Tips
Speaking at a press conference after the PM’s televised address to the nation, RBI governor Urjit Patel assured that there has been no breach in security of the existing notes, but the fake notes in circulation look similar and could be difficult to identify by untrained eyes.
“As of today we have ramped up production of the new series of notes,” the RBI governor said. The new Rs 500 and Rs 2,000 notes would start coming to banks from November 10 onwards, said Economic Affairs Secretary Shaktikanta Das.
Are banks equipped to replace 2,300 crore pieces of Rs 500 and Rs 1,000 notes?
The people who would be really hit are the ones who have stored their ill-gotten wealth in the now useless Rs 500 and Rs 1,000 denomination notes
Story Highlights
- 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
Your 500 and 1000 rupee notes be accepted till November 11 at:
- 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
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