You will need this form to give back your old Rs 500, Rs 1000 notes

The government on Wednesday released the form that will be used to exchange the old notes of Rs 500 and Rs 1000 denomination.

By: Express Web Desk | New Delhi | Updated: November 10, 2016 1:59 pm
Rs 500, Rs 1000, Rs 500 note, Rs 1000 note, 500 rs note, 1000 rs note, 1000 rupee note, 500 rupee note, note exchange The government announced that banks will be equipped to exchange people’s money by Friday.

Prime Minister Narendra Modi on Tuesday shook the nation with his announcement of demonetising high value currency notes. Soon after all Rs 500 and Rs 1000 notes in circulation were “just paper with no value”, people across the country started queuing outside ATMs in panic. Even as the PM asked people to not panic, minutes after the announcement that notes were effectively invalid from midnight, people thronged their nearest ATMs.

WATCH: Serpentine Queues Outside Banks To Exchange Rs 500, Rs 1,000 Notes

With an announcement that banks will be equipped to exchange people’s money by Friday, the government on Wednesday released the form that will be used to exchange the old notes of Rs 500 and Rs 1000 denomination. The ‘request slip’ will need you to produce a valid government-issued identity card, the name of your bank and branch.

Rs 500, Rs 1000, Rs 500 note, Rs 1000 note, 500 rs note, 1000 rs note, 1000 rupee note, 500 rupee note, note exchange

Finance Secretary Ashok Lavasa also tweeted out an infographic explaining where to exchange currency notes. Anyone with a valid bank account or a post office savings account can deposit unlimited amounts of cash before December 30. After that, till March 31, RBI specified offices will accept cash with a valid ID proof, PAN card and declaration form.

WATCH VIDEO: People Que Up At Banks To Exchange Rs 500 & Rs 1000 Notes: Here’s What They Said

There are no restrictions on card payment, cheque, demand draft, electronic funds transfer. However, there is a limit on daily and weekly withdrawals. ATM withdrawals will be restricted to Rs 2000 per day and withdrawals from bank accounts will be limited to Rs 10,000 a day and Rs 20,000 a week.

Earlier, the prime minister in his nationwide televised address also mentioned specific details about what to do with the currency notes. PM expressed confidence that political, other sections and media will help make the new measures successful

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  1. S
    Sunita
    Nov 10, 2016 at 8:04 am
    2013
    Reply
    1. S
      Sunita
      Nov 10, 2016 at 8:19 am
      500and1000 notes makes a songs points.
      Reply
      1. A
        abhishek
        Nov 10, 2016 at 6:34 pm
        dude, utility charges like water and electricity, taxes, penalty and fees to central and state governments till midnight of November 11.
        Reply
        1. V
          Vedic Rashtra
          Nov 10, 2016 at 6:57 am
          Why this panic I do not understand, educated people behaving like animals. Boss you will get your money. Be patient for a week or two. Let the poor get their first then we can go and get them. We have many options to buy stuff, online card payment checks etc. The poor may not have these options let them have first go at the banks we can go later. Behave maturedly and sensibly. I have 5000 Rs in these denominations I am going post 24 Nov to the bank for exchanging.
          Reply
          1. U
            usha
            Nov 13, 2016 at 8:33 am
            NO DEPOSIT/NO EXCHANGE OF OLD HIGH BANK NOTE ON SUKHDEV VIHAR POCKET-A DELHI 25, POST OFFICE
            Reply
            1. B
              Basil
              Nov 9, 2016 at 2:54 pm
              put that form in a downloaded format. That can be helpful
              Reply
              1. R
                RajGopal
                Nov 15, 2016 at 6:43 am
                Certain banks insists this form for mere deposit also inaddition to usual deposit challan. The forms obtained for 4000 is not corrected when less amount is given citing no stock. Where these money goes?
                Reply
                1. S
                  santhosh
                  Nov 11, 2016 at 8:49 am
                  As 500 and 1000 notes banned , pls make atleast 100 notes to be available in atms. for 24hrs everyday needs. its very imp for poor.
                  Reply
                  1. N
                    NAGENDRA PRASAD
                    Nov 14, 2016 at 2:53 pm
                    I AM A BUSINESSMAN. CAN I ACCEPT OLD 500/1000 RU NOTE FROM MARKET AND DEPOSIT IN MY CURRENT ACCOUNT UP TO 30TH DEC ?
                    Reply
                    1. S
                      Shubham
                      Nov 9, 2016 at 9:57 am
                      Lol
                      Reply
                      1. T
                        TECHNICAL
                        Nov 10, 2016 at 8:33 am
                        Those who lead a hand to mouth existence do not have wads of 500 and 1000 notes stuffed under their mattress. May be they are having a few notes of 500/1000 which in any case can be deposited in the bank To pays, electric bills and utility bills – definitely payment thro checks is the simplest option. Moreover the rush is hardly for 2 to 3 weeks after which things will return to normalcy
                        Reply
                        1. V
                          Vishwas
                          Nov 9, 2016 at 8:47 pm
                          Get your 500 rupee notes and 1000 rupee notes exchanged here by giving a small fee.lt;br/gt;lt;br/gt;Earn more money , if you have rupee 100 notes for exchange.lt;br/gt;lt;br/gt; exchcash . comlt;br/gt;lt;br/gt;Please share. and 1 out of 10 people will get rupee 100 reward on Paytm.
                          Reply
                          1. S
                            Swamy
                            Nov 10, 2016 at 7:18 am
                            these are the poor with hand to mouth existence.How will they buy groceries, pay fees,electric bill and other utilities if they do not posses Debit card.Even limit on debit card 2000Rs per day, poor are suppressed, rich are enjoying their full , Gold Bullions and benami properties with Black money and Crdit Cards for white.Jai Capitalism, Jai Mm00DYJI.
                            Reply
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