500 and 1000 Rupees notes banned and from today it won’t be legitimate delicate any longer. Yes, that is only a bit of paper now it can’t be utilized to purchase anything. Know more about this boycott beneath and how to trade your old notes underneath.
Executive Narendra Modi reported yesterday night that 500 Rs and 1000 Rs are no more drawn out legitimate delicate.
Banks will stay shut on ninth November, New money notes for trade will be accessible from tenth November. You can change your present note from any Bank or Post Office. None of Bank ATM will take a shot at ninth November.
Why India banned Rs 500 and 1000 notes
This move has been made to stop defilement, dark cash and illicit exchanges. Presently, in the event that you have any measure of cash kept with you as 500 and 1000 Rs note then you need to trade the note with the bank to utilize that cash.
Those individuals who used to keep crores and crores of dark cash in home or in other area won’t have the capacity to utilize the cash any longer. In the event that they attempt to trade the notes, Bank will watch out for their records and soon Income assessment will take them to Jail.
If it’s not too much trouble give your conclusion on this boycott in the remark area beneath.
Step by step instructions to trade old 500 and 1000 Rupees Notes
Resist the urge to panic, you have 50 days to trade all your cash through any Bank or Post office.
Take your cash which are as Rs 500 and 1000 to any Bank from tenth November.
Store all your cash in your Bank account.
On the other hand make a trade of the notes in any Bank or Post Office.
Must bring your ID card with you. eg. Aadhaar Card/PAN card/Voter ID card.
Your Notes will be traded with the new cash notes of 500 and 2000.
Instructions to trade 500 and 1000 Rupees notes
Where you can utilize your old notes (crisis)
You can utilize your notes at Hospital, Pharmacies with Doctor medicine.
Notes will be acknowledged at Petrol pumps, Milk corners and government co-agent stores.
You can utilize it to book Train or Flight tickets at the counter.
Other crisis measures has been dealt with.
500 and 1000 note crisis employments
PM Modi discourse on 500 and 1000 Ban
PM Narendra modi gave a discourse on eighth November to the country about the boycott of old 500 and 1000 notes.
New coin notes of Rs 500 and 2000
This is the way the new coin notes will resemble. The trading of old notes in Bank and mail station will begin from tenth November.
500 and 1000 rs new notes
What is nano GPS chip (NGC) on new notes
The Rs 2000 coin is outlined remembering to kill the dark cash issues utilizing best in class indigenous nano innovation, each Rs. 2000 money note is installed with a *NGC (Nano GPS Chip)*
*How the installed NGC Technology Works?*
The extraordinary element of the NGC is it dosent require any power source. It just goes about as a flag reflector. At the point when a Satellite sends a flag asking for area the NGC reflects back the flag from the area, giving exact area arranges, and the serial number of the cash back to the satellite, along these lines each NGC installed money can be effortlessly followed and found regardless of the possibility that it is kept 120 meters subterranean level. The NGC cannot be messed with or expelled without harming the coin note
*How will this destroy dark cash menace?*
Since each NGC embeded money can be followed. The satellite can recognize the correct measure of cash put away at a specific area. On the off chance that a moderately high grouping of money is found a specific area for a more extended timeframe at suspicious areas other than banks and other budgetary establishments. The data will be passed on to the Income Tax Department for further examination
If it’s not too much trouble be quiet and sit tight for tenth November to revive the Bank and begin trading your old notes.