How to Change the 500 or 1000 Rupees Note: Step by Step

How to Change the 500 or 1000 Rupees Note: Step by Step

With the ban over the currency note of 500 and 1000 currency note the main point is that now is how to deposit this money now follow these step to make the deposit easy because it not any kind of panicking situation

FOR DEPOSITING THE NOTES AND THAN WITHDRAWING IT PROCESS

STEP 1:

     Collect the currency note all the note of 500 and 1000 lying at your home.

STEP 2:

     Go to the bank branch where your bank account is.

STEP 3:

     Fill the paying slip of the bank amount (In some bank there is differentiation is made upon deposition of old and new currency for instance in IDBI Bank there is one pink slip for  old currency note and white is for new notes.) so fill it accordingly. One thing that one has to remember is that while depositing the money one must be the account holder of that account and must accompany the valid id proof which must be signed.

If you want the currency in exchange of the 500 and 1000 notes than there are two way

1. You can get 4000 exchange every day you have to fill the form available at the bank branch and along with that you have to carry your photo identity.
2. Another way to get money is that you can go to the home branch of the bank where your account is and there you can go and can withdraw the cash up to twenty four thousand through loose cheque. You have to fill the form and photo identity along with it. There you require the passbook of that account and which must be attested. By this way one can get the 1000 and 500 currency note changed.

You can go to the petrol pumps where there is a machine prescribed there one can go and withdraw amount of rupees two thousand from there and you can go to the big bazaar there they also provide the facility of currency exchange of rupees two thousand rupees there also.

Author: This blog is written by  Ms. Ayushi Mehrotra, student of Bharati Vidyapeeth Deemed University New Law College, Pune, a passionate blogger & intern at  Aapka Consultant.

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