You can use old Rs. 500 and Rs. 1000 notes till 24th of November

Rs. 500 and Rs. 1000 Usage Deadline


Bankers and people are struggling hard due to ban on  Rs. 500 and Rs. 1000 notes. There are still long queues outside banks. The available cash is not meeting the target.

The insufficient cash issue is still there that is why government declared that you can use the  Rs. 500 and Rs. 1000 notes till 24th of November. The previous date limit was 14th of November midnight.

Rs. 500

Awesome Relief For People! Thank you Modiji! 🙂

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ATM withdrawal limit is raised to Rs. 2500 and cash exchange limit has been increased to Rs. 4500!

ATM Withdrawal Limit


ATM withdrawal limit has been changed by RBI once notes of Rs.500 and Rs.1000 has been banned.

But on 13th November 2016 (Sunday), government has removed the limit on ATM withdrawal from Rs. 2000 to Rs. 2500 and cash exchange limit is increased to Rs. 4500.

ATM withdrawal limit - RBI

Weekly and Daily Withdrawal

Previously, a person can easily withdrawal Rs.10,000 from bank account through ATM which is temporarily removed where as now you can withdrawal only Rs.24,000 on weekly basis.

The finance ministry is planning with RBI, banks and post offices to make notes available in all areas in county. Banks and post offices are instructed to make sure the availability of notes in all areas.

“Banks have also been specially advised to ensure availability and distribution of small denomination notes.”

“Coordination is being continuously done by the ministry of finance with RBI, banks and post offices to make all denomination notes available at all locations.”

A finance ministry 

 

ATM withdrawal limit - ATM

Annual Life Certificate submission date

Annual life certificate submission date is now extended to January 15, 2017 for pensioners. The Annual life certificate is needed to confirm that they are alive.

We should appreciate the hard-efforts which banks employees are taking. It’s time to be patient and handle the situation with cooperation!! 🙂

 

What RBI is going to do with old currency notes of 500 and 1000 rupees?

What RBI is going to do with old currency notes of 500 and 1000 rupees

Currency Verification and Processing System of Reserve Bank of India (RBI).


Notes of Rs 500 and 1000 has been banned by Government of India with the help of RBI since November 8 2016 but they have still given chance to people to change notes till 30th December 2016. At this moment, some limit has been applied for currency exchange and you can only change Rs. 4000 per person.

Since 10th November people have started changing currency and money is going to collect in the various banks.

But, you still might have question in your mind, what RBI is going to do with old currency notes of 500 and 1000 rupees?

What RBI is going to do with old currency notes of 500 and 1000 rupees

 

In this process, RBI is first going to collect all Rs 500 and 1000 notes from various banks across country and then using currency verification and processing system (CVPS), they can identify all fake and original currencies.

Original currencies

Later, original currency will be given either to the contractor to fill up the lands or create new currencies.

Fake Currencies

We all know that there is huge amount of fake currencies circulated around the country so this can also be reused by RBI to create paper plate, calendar and files.

So guys, I hope you now understand what happens with old currencies.

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Income Tax Department on fire, raids in several cities.

Income Tax Department

Raids in several cities of India


The search operation has been started by the Income Tax Department in the several cities of India for the Black Money. We all know that old notes of Rs 500 and 1000 has been banned by Government of India and now Income Tax department started playing their role.

Income Tax Department on fire, raids in several cities.

So far, raids has started in Mumbai, Delhi, Jalandhar, Chandigarh and Ludhiana but legally no actions has been taken.

This search operation were conducted on Jewelers who were found collections old banned 500 and 1000 rs notes.

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Rs. 500 and Rs 1000 old currency notes will no longer be legal tender as of 08th November 2016

Mr. PM Narendra Modi’s Historic move to stop corruption in INDIA

Mr. Narendra Modi’s brave move to stop corruption

As a measure to fight corruption and black money, PM Narendra Modi has banned Rs 500 and Rs 1000 notes from yesterday. Yes, from 8th November midnight, these notes would not be considered as legal tender. This is just like an emergency period for all of us as all this has happened at a very short notice!

Expressing concern over the circulation of fake currency notes, Reserve Bank of India Governor Urjit Patel on Tuesday said the apex bank will launch new Rs 500 and Rs 2,000 currency notes from November 10.

Narendra modiNarendra Modi

Today’s announcements will give greater strength to fight corruption, black money, terror & counterfeit currency.

ATM Limits!

The ATM withdrawal limits have gone down drastically and this is surely going to hamper us a lot;

Daily limit- Rs 2000/day!

Monthly limit- Rs 20,000/ month!

Exchange rule!

Notes can be exchanged at Banks or Post Office from 10th of November to the 31st of December. However, post 31st of December, you need to submit an application to the RBI for exchanging them and this can be done till the 31st of March 2017.

There is an exchange limit too; till the 25th of November, only notes of value Rs 4,000 can be exchanged. Limit would be increased later on.

Notes are valid at some places:

Till the 11th of November, notes would be valid at Airports, Railway stations, petrol pumps and milk centers.

Rajnath Singh

It is indeed courageous and bold decision taken by the Prime Minister.India’s fight against corruption & terrorism will now be strengthened.

Ministry of Finance

Historic decision on ending corruption&black money by PM;Rs.500&1000 notes tobe no longer legal tender from midnight

Manohar Parrikar

A masterstroke by PM @narendramodi ji. This historic move will eliminate fake currency, black money & terror funding.

Rs. 500 and Rs 1000 old currency notes will no longer be legal tender as of 08th November 2016

₹2000 Note by Reserve Bank Of India (RBI) – First look!!!!

₹2000 Note by Reserve Bank Of India (RBI) – First look!!!!

₹2000 Note by Reserve Bank Of India (RBI)

Woww!!!! Now you can keep ₹2000 note in your pocket, it’s launched!!!!!!! If you’ll receive this message or news by someone then it’s just viral news being spread on Social media. 🙁

According to Reports, Reserve Bank of India Bank will introduce notes of the of ₹2,000 soon. The notes have as of now been printed, and their dispatched from the money printing press in Mysuru has initiated. Neither the Indian government nor the national bank confirmed the launched time.

₹2000 Note Firstlook

₹2000 Note first look

Estimated Time-frame of lunch –

There is no official confirmation about it. Rough estimated time of introducing note is early 2017.

“During 2015-16, the demand for banknotes and coins remained high notwithstanding the growing shift towards non-cash modes of transactions,” the RBI said in its annual report for 2015-16.

There is big controversy in India for introducing the bigger currency because it increases corruption. But as ₹2000 note design has been disclosed, it’s on it’s way to coming!!!!! Coming soon!!!!

₹2000 Note is coming!!!!!!!!! Be ready!!!!!!

Reference links –

Currency Note Press Nashik received the order to stop printing notes of Rs 500-1000 two months ago.

Rs. 500 and Rs 1000 old currency notes will no longer be legal tender as of 08th November 2016

Mr. PM Narendra Modi’s Historic move to stop corruption in INDIA

 

Amazon, Flipkart – Diwali Offer – Round three is ready!!!!!!!!!!!!!!!!

Those who has missed the previous big deals of AmazonFlipkart! Don’t worry! Here is third round offers for you. Don’t miss it! 🙂

Amazon, Flipkart – Diwali Offer

Here are the dates, please save –
Great Indian Festival (on Amazon) and Big Diwali Sale (on Flipkart) – Mid-night of October 25 till 11.59 PM on October 28 in India.

Cellphones, gadgets and many more have great offers for you!! Good news is that both sites have tie-up with well-known banks. EMIS is available for you. 🙂

Amazon has collaboration with  State Bank of India and  Flipkart has collaboration with Citibank. There is discount of 15% and 10% respectively. Hurry up!!!!!!!!!!!!!!!!!!!!