How to Exchange 500 & 1000 Notes

Updated on Tuesday, 15 November 2016 - 9:56am

Organization:

Bank

All India Number(s):

Website:

http://www.rbi.org.in/

Prime Minister Narendra Modi on Tuesday 8 pm announced that the currencies in the denominations of Rs 500 and Rs 1,000 will be invalid from 12 o'clock midnight of 8 November .

Where can I exchange or deposit my Rs 500 and Rs 1000 notes ?

You can deposit the old notes at your nearest bank, cash deposit machines or post offices accounts from November 10 till December 30 without any limit.
You can also exchange Rs 500 and Rs 1000 notes for lower denomination at banks, head post offices and sub-post offices by filling up money exchange form. (Take Aadhaar card and PAN Card when you go to exchange notes).
Notes of Rs 500 and Rs 1000 are also accepted till 11 November at
- Petrol Pumps,
- Government hospitals,
- Railway, airline, government bus ticket booking counters,
- Milk booths authorized by state governments.
After 30 December notes of Rs 500 & 100 can be deposited at Reserve Bank of India (RBI) offices till 31 March after filling a declaration form along with Id proof and reasons.
In case you face any problem you can approach RBI control room
- Phone : 022 22602804 / 022 22602944 / 022 22602201
- Email : bankquery@rbi.org.in, publicquery@rbi.org.in
- You can also contact RBI customer care
* These helplines are specially opened by RBI for monitoring purpose and to provide guidance to banks and public.

Exchange Limits

Yo can get only upto Rs 4000 per person in cash exchange.
ATM withdrawals will be restricted to Rs 2,000 per day.
Withdrawals from bank accounts will be limited to Rs 10,000 a day and Rs 20,000 a week upto 24 November. After 24 November these limits will be increased.