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New 500 Rupees Note First Look

New 500 Rupees Note First Look

new 500 rupees note back

The new ₹ 500 banknotes are different from the earlier specified bank note (SBN) series in colour, size, theme, location of security features and design elements; the principal features are –

  • The size is 66mm x150mm
  • The colour is stone grey
  • Red Fort-an image of Indian heritage site with Indian flag on the reverse

new 500 rupees note

The banknote also has features (intaglio printing of Mahatma Gandhi portrait, Ashoka Pillar emblem, bleed lines, circle with ₹ 500 in the right, and the identification mark) which enable the visually impaired person to identify the denomination.

Read More on www.rbi.org.in

How To Replace My 500 And 1000 Notes From Banks ?

  1. First of all, collect your valid ID proof like Aadhar card, Driving Licence or PAN Card.
  2. Make sure you take only upto rs.4000 to exchange with your financial institution.
  3. After that, visit to your nearest Post office or your bank account
  4. The bank executives will validate your identity and give you cash in exchange
  5. You can only receive rs. 2000,  rs. 100 rs. 50 , rs. 10 or rs 5 denomination rupees.
  6. This process will be valid till only 3oth of December 2016. So hurry up

What If I Unable To Exchange My Older 500 Or 1000 Notes ?

Lets take an example, If you have 500 or 1000 note and you didn’t exchange it before deadline then you have another chance to do the same. All you need to go to your nearest RBI Head or corporate office. Please make sure you bring your valid identity proof and a proper reason. Finally explain them why you were unable to exchange your older currency.

Finally if they approve your excuse then you will get exact same amount with latest series notes.

Where I Can Use My Old Rs. 500, Rs. 1000 Notes Between 9th To 30th December ?

You can still exchange your old 500 and 1000 denomination notes on below places or institutions.

  • Government hospitals ( only to clear your dues or pay bills: No money exchange)
  • Railway tickets booking counters ( any railway station across nationwide )
  • Government buses counters ( only major bus stands )
  • Airline ticket counters on any airport
  • Petrol diesel and gas station authorized public sector oil companies ( such as Indian oil, Hindustan Petrolium)
  • Consumers authorities approved by central or state government ( for eg. canteens )
  • Milk Booths authorized by state government
  • Crematoria and burial ground

How Much Amount I Can Withdrawal From Bank?

During 11th November to 30th December 2016, you can withdrawal rs. 10,000 from bank per day. However in every week the cash out amount should not be exceeded rs.20,000. If you want to transact more amount then you can use online transactions method such as NEFT, RTGS etc.

Can I Make Online Transaction With Cashless Cards?

Yes, Your online transaction will remain absolutely 100% functional. You can make payments from your net banking account for EFT fund transfer. You can use your credit or debit cards to make online shopping purchase normally. The only problem is that you can’t select Cash on Delivery if you don’t have rs.100 notes available.

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