Can I change old 500 rupee note now?

The Indians who still have the old Rs 500 and Rs 1000 notes can get them deposited in their bank account or the post office saving accounts or exchange them for new currency at the offices of the Central Bank. The old currency notes of Rs 500 and Rs 1000 can now only be exchanged at the offices of the Central banks.

Where can we exchange old notes now?

All these notes can be exchanged at the counters of any public sector bank branch, any currency chest branch of a private sector bank or any Issue Office of the Reserve Bank of India. There is no need to fill any form for doing this.

Will bank accept old notes?

If you have a UK bank account, the simplest and quickest way to exchange your notes will normally be to deposit them with your bank. The Post Office Opens in a new window may also accept withdrawn notes as payment for goods and services, or as a deposit into any bank account you can access with them.

How can I exchange a 500 rupee note in India?

The only way to exchange is through an NRI who was abroad during the period. Since its just one note, keep it safe. Its not going to be waste. Every note/ coin with drawn by the government increases in value. In case of 500 rupees majority of them is returned to the government.

Can I exchange old 500 rupees notes in KIIT University?

I recommend you not to exchange. , Research Scholar of Economics in KIIT University. As the deadline for exchange of specified bank notes (₹500 & ₹1000 before 08/11/2016) was 30/12/2016 exchange of old notes no longer permissible. One can retain maximum 25 pieces of denotified notes with him for academic purposes.

Is it safe to exchange old Rs 500 notes?

Scrapped old notes ­ Rs 500 and Rs 1,000 ­ which were to be exchanged latest by December 20, 2016, are still there. They can be exchanged even now, but for a hefty premium. Non-Resident Indians (NRIs), who were allowed to exchange old notes till June 30 this year, are being offered a handsome commission for exchanging these notes.

What is the maximum amount of old notes one can exchange?

As the deadline for exchange of specified bank notes (₹500 & ₹1000 before 08/11/2016) was 30/12/2016 exchange of old notes no longer permissible. One can retain maximum 25 pieces of denotified notes with him for academic purposes. If kept beyond the limit it is a punishable offence.