08/11/2016
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Summary and Guidance on Discontinued 500/1000 Currency notes.
1. 10th Nov onwards till 31st December Deposit all the old currency notes to your account.
2. Alternatively EXCHANGE (Bank account not necessary) old currency notes Upto Rs. 4000/- till 24th November by providing valid ID Proof. (PAN, Election, Aadhar Card or Passport)
3. Withdraw deposited money from Bank by Cheque @10,000 per day subject to Max. 20,000 per week.
4. Withdraw money via ATM max 2,000 per day till 24th November (Limit will be increased then after)
How to make bigger payments in above case?
a. Cheque /DD/NEFT/RTGS
b. Online Payment via DC/CC/NetBanking or Digital Wallets like Paytm, JioMoney, Freecharge, Mobikwik, PayU etc.
What if I don't use Online Payment?
a. Pay Via Debit Card online by using your ATM PIN and Generate your new Online Transaction Password at Verified by Visa or Mastercard SecureCode site with the help of DC/CC and ATM PIN.
Beware not to Input your password or PIN on any website except Verified by Visa or Mastercard SecureCode website.
We appreciate the 360° decision of our Honorable to promote Digital India, Discourage Terrorism and Black Money, Reform Economy and Control Inflation. 🇮🇳🇮🇳