How to Exchange Rs 500 and 1000 Notes in Bank – Download Exchange Form/ Slip format :
How to Exchange Rs.500 and Rs.1000 Notes in Bank
09th November, 2016 was a day, when prime minister of India Narendra Modi has make big announcement of Rs.500, Rs.1000 notes Banned. Tuesday the government of India & RBI has decided to declare Rs.500, Rs.1000 banknotes illegal from midnight. The main motive behind this ban was the abnormal rise in fake currencies of higher denomination, and also the higher incidence of black money in the India. After hearing this news, lots of people are worried about Balance because within 50 days, all we have to exchange Rs 500 and Rs 1000 notes with new one.
Here we have shared some resources, where you can exchange Rs.500 and Rs.1000 currency. So you can exchange your money at Government Bank, Private Bank, Post office, RBI offices in all over India. To exchange the notes, it’s not enough to carry the currency of Rs.500 and Rs.1000 notes, you will also required to take an identity proof along with filled the request slip. Without Rs.500-1000 note exchange slip /form, you are unable to exchange notes with new one. Now the question is, where we get Rs.500-1000 note exchange form, then here is answer of your question, that exchange slip is available at all branches of Bank, and computerized post office in your nearest town.
Required Identity Proof to Exchange Rs.500 and Rs.1000 Notes in Bank
Beside of Rs.500-1000 note exchange form, all you need to have valid identity proof such as Driving License, Voter ID Card, Aadhaar Card, Passport, NREGA Card, and PAN Card. While you go for exchange Rs.500-1000, you have to show original ID at the bank counter.
Now everyone have question in their mind, how much amount of money, we can exchange per day. Then answer is, one person can exchange total Rs.4000 of Rs.500 and Rs.1000 notes. No one can exchange more than Rs.4000. Anything over and above Rs.4000 will be credit to your bank accounts.
Where I can exchange Rs.500 and Rs.1000 currency
Now you may have one more question, Can I go to any branch of any other bank? Then answer is YES. You can go to any branch of any bank to exchange Rs.500- Rs.1000 notes. In that case, you have to submit valid identity proof along with your respective bank account details. People, who do not have bank account, can ask help from your relative/friends. In this case, you must have to submit evidence of permission given by the account holder and your valid identity proof.
How Much Money I Can Withdraw From ATM
Now our readers are also asking for how much money we can withdraw from ATMs? Still 18th November, 2016 you can withdraw maximum of Rs 2,000 per card from ATMs. The withdraw limit will be raised afterword and will be notified after 11th Nov through news papers, news channel etc.
Last Date to exchange 500 and 1000 notes
Now finally, all we should know that, last date of exchange the notes of Rs.500 – Rs.1000. So this scheme will be closed on 30th December, 2016 at any branches of any bank. For those who are unable to exchange their Rs.500 – Rs.1000 notes on or before 30.12.2016, have an opportunity to exchange notes at specified offices of the RBI.
Download Bank Slip format for Exchange 500 and Rs 1000 notes
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