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Things To Do If You Have A Shit Lot Of Rs 500 & Rs 1,000 Notes

With a sudden announcement from the PM himself that came out on Nov 8, it was really difficult for the Indian citizens to come out of surprise and shock. No doubt the BJP government deserves an applause for this major decision taken but it was a moment of rush for everybody in the country.

8 PM is a time for people to return home from the offices, a majority of them being occupied. Giving a little percentage of chance to people to find a solution to the matter.

Keeping all the funny ways of making a paper cone or wind fan out of them aside, the fact is that many people resort to some illegal ways to get rid off their notes of 500 and 1,000 rupees. While these ways can get you in jail, why don't you just scroll down to know the legal ways provided by the government that can help you to a certain limit.

Recommended story: Why Did Modi Announce Ban On Notes On The Same Date Of The U.S. Elections?

Things To Do If You Have A Shit Lot Of Rs 500 & Rs 1,000 Notes

Things To Do If You Have A Shit Lot Of Rs 500 & Rs 1,000 Notes

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1. Deposit in the banks

1. Deposit in the banks

The banks' window will be opened from November 10 to December 30, 2016.

Since the banks were closed on the very next day of the announcement which was Nov 9, for a relief, these will remain open on Saturday and Sunday i.e. on the dates November 12 and 13. Comprising no holiday for the second Saturday.

Initially, there will be a limit of Rs 10,000 per day and  Rs 20,000 per week on withdrawal, the limit of which will soon be increased.

2. Solution if you fail to comply with the first

2. Solution if you fail to comply with the first

No need to worry if you are not able to deposit your 500 and 1,000 rupee notes until December 30, you will not become the poorest in the country.

You have the option to exchange notes till March 31, 2017, at the specified RBI offices but you have to furnish proper declaration for the same. So, kindly do not consider the date as an extension but as a second chance.

3. New arrival is near

3. New arrival is near

New notes of Rs 500 and Rs 2,000 will be available in the ATMs from November 11, as said by Ashok Lavasa the finance secretary. On which you can make a withdrawal of Rs 2,000 per day per card which is expected to raise to Rs 4,000 per day.

4. Post office is also the life savior

4. Post office is also the life savior

You can also exchange your/the banned notes at the Post office which too has a limit of Rs 4,000 till November 24. But you have to produce a valid ID proof.

5. Get your fuel tanks filled.

5. Get your fuel tanks filled.

You have the availability of getting your fuel tanks filled up to November 12 with your Rs 500 and Rs 1000 notes. Where the petrol stations are asked to keep a record of every transaction.

6 The medical stores always save you

6 The medical stores always save you

Since people might have emergency situations regarding their health that is why the hospitals and drug stores have no right to deny the acceptance of Rs 500 or Rs 1,000 note.

Still, it is a general suggestion and request that do not take undue advantage of these places since they too might face problems in returning you with the change money.

7. Certain other liberties

7. Certain other liberties

You can easily make non-cash payments through cheques, electronic fund drafts, demand drafts, credit and debit cards.

8 Airports and Railways

8 Airports and Railways

Arrangements have been made at the railways and airports so that the passengers do not get troubled. So, travel without any tension.

9. Other places which will accept the notes:

9. Other places which will accept the notes:

1. Governmental Milk Booths

2. Governmental Consumer Co-operative stores

3. Burial grounds and Crematoriums

Reminder: Take your PAN Card as well as Adhaar Card with you whenever or wherever you go to exchange notes.

Recommended for you: Here's The Mastermind Behind PM Modi's Decision To Ban Rs 500 & Rs 1,000 Notes

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