New Delhi: Government’s greatest move to curb black currency market through the withdrawal of 500 and 1000 rupee notes from the economy has left the common populace with several queries.
How to get back the hard earned money was the repeated question from every nook and corner of the nation. Supporting the historic move, UAE Exchange India shares valuable information for the public.
UAE Exchange, India Managing Director, V George Antony shared, “Digital transactions and payments will support the nation’s struggle in curbing black currency and bringing a cashless economy with high degree of security. This move is going to reflect in the lives of common man in a positive manner.”
How can I exchange my 500 and 1000 rupee notes?
Individuals can deposit their old notes with a valid ID in nearest Banks or Post Office from 10th November to 30th December 2016. You can even exchange the currency till 31st March 2017 with the support of valid ID at RBI.
What is the limit of ATM withdrawal?
Withdrawals are restricted to Rs. 2500 per card per day.
Can I make a withdrawal with cheque?
Yes, you can make a withdrawal against cheque for Rs. 10,000 a day and Rs. 20,000 a week.
How to get new currency?
RBI has started issuing new currency. These currencies can be obtained from your nearby banks.
Can I get currency from any bank?
One can exchange or get currency from any other banks with the assistance of a valid ID proof.
How foreigners with these currencies make currency exchange?
Foreign tourist can purchase these currencies equivalent to Rs. 5000 at airport exchange counters provided with valid ID proof.
How can I make secure payments?
To tackle this financial crisis, individuals have the best option to make payments and transfer through online modes. Mobile cash wallet payments are the best possible means to carry out immediate shopping, utility payments and fund transfer.
Get back your safe currency through latest updates from valuable sources. Kindly ensure not to write anything on the new currency. New currency has several security features to prevent the intrusion of black currency in the coming days. It’s the duty of all citizens to value every currency and to support India’s “surgical strike on black currency”. Let’s make a move together for a developed nation.