Rs 500, Rs 1000 notes are no longer legal tender: What you need to know

By | 09/11/2016

Rs 500, Rs 1000 notes are no longer legal tender: What you need to know

rs-500-rs-1000-notes-are-no-longer-legal-tender-what-you-need-to-know-and-do-jpg     1. Keep calm: you have 50 days time to exchange / deposit your old notes in banks / post office and lower denomination notes and coins will remain legal tender.

2. Emergency requirements have been taken care of.

Some leeway has been given by the government for use of these notes for medical emergencies etc. For first 72 hours from Nov 8 midnight i.e. till 11 Nov midnight government hospitals…

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