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What is the cost of old 500 rupee note?

What is the cost of old 500 rupee note?

The old 500 rupee notes have been categorized as ‘rare Indian currency’. You must have read ‘cash for gold’, but how about ‘cash for cash’? Well, turns out if you are in possession of the old Rs 500 note, you can fetch up to Rs 10,000 without having to do anything except a few clicks here and there.

How do I exchange old notes?

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.

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Where can I exchange old cash?

At your bank 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 The Post Office may also accept withdrawn notes as payment for goods and services, or as a deposit into any bank account you can access with them.

Is it possible to exchange old 500 and 1000 rupee notes?

NOTE: The deadlines for exchange of old 500 and 1000 Rupees notes have expired and hence this information may be outdated. The sudden announcement about withdrawal of 500 and 1000 Rupee notes has left many NRIs abroad looking for answers as to how could they get their old 500 and 1000 rupee notes exchanged.

How can I exchange old notes in India?

In both Post office and Banks you will have to fill the Exchange or Deposit of old notes form and an ID Proff. No more than Rs. 4,500 can be exchanged. (Till 17th November 2016)

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What is the time limit to deposit 500 rupees in bank?

# Citizens will have 50 days to deposit notes of Rs 500 & Rs 1000 in any Bank or Post office. # During the 50 day period, i.e. from 10 Nov to 30 Dec, there will be no limit on the deposits. # However, a withdrawal limit of Rs 10,000 per day and Rs 20,000 per week will be applicable.

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.