How to Exchange Old 500, 1000 Rupees with New Note SBI, PNB, OBC, All Banks Process, Limit Money 1 Day

By | November 9, 2016

How to Exchange Old 500, 1000 Rupees with New Note SBI, PNB, OBC, All Banks Process, Limit Money 1 Day.

Hello everyone, we are here to inform our all the readers about the new achievement of RBI. The latest news updated by RBI is that now they have made a new currency note for the country. The new note will be for the value of 2000 i.e. It will be a Rs. 2000 note. RBI also mentioned that they are made out all the necessary preparation to launch this note in the country. The new Rs. 2000 note will be introduced in the country by next year i.e. 2017. As per the recent information the note will be officially introduced in the month of February 2017. The note will be circulated in the country under the full supervision of government of India and Prime Minister of India, Mr. Narendra Modi.

How to Exchange Old 500, 1000 Rupees with New Note

The notes has already been printed in currency printing press in Mysore, India. The mentioned printing press is a unit of SPMCIL. This word is fully completed as the Security Printing and Minting Corporation of India Limited. This organization is fully owned by the government of India and is formed with a purpose for the production of bank notes, coins, postage stamps, non – judicial stamps, and some other government related documents of India. This organization was set up in the year 2006 and by now it contains 9 units, 4 mints and one paper mill. The Currency Note Press (CNP) is mainly located in two places in India i.e. Nashik, Maharashtra and Mysore, Karnataka. Over 40 % of Indian Currency Notes are printed in both these CNP ’s. Whereas the coins of Indian Currency are mostly minted in the mints of Mumbai, Kolkata, Noida and Hyderabad.

How to Exchange Old 500, 1000 Rupees with New Note

How to Exchange Old 500, 1000 Rupees with New Note

Coming to the point, the Rs. 2000 note is also printed in both the above mentioned CNP ‘s and is now all set to be circulated in the country. But the government is still holding on to complete the full procedures of introducing a new currency note. So due to such reasons the government has decided to introduce this note in the new year only. The government will bring out this note by the month of February 2017. Till then the civilians will have to wait to get this new note. But the images of this note are already out and if any one want to take a glance at the note they can make it by searching it on the internet or it is also available in the RBI ‘s official site. So visit the site to look at the first look of Rs. 2000 note, moreover the details and news for this note are also mentioned on the web link of RBI. So to get on to more details regarding this note make a visit to www.rbi.org.in.

Process Exchange Old Note 500, 1000 with New Note

  1. You have to Visit the Bank Near to you Like SBI, OBC, PNB, HDFC, ICICI, Canera Bank, State bank of Patiala, Bank of Baroda, Axis Bank,  Andhra Bank, Kangra Bank, Cooperative Bank, Indian Overseas Bank, Karur Vasaya Bank, Central Bank, Reserve Bank of India and all other bank located in India.
  2. Then You have second Options that if live in village and you have a Post office then you go there and Exchange Money your Old 500 and 1000 Rupees with New One.
  3. You no need to pay any extra Changer for Exchange.
  4. When you enter Into the bank you just ask in the bank about the Money exchange counter.
  5. Then you just need to Ask for money exchange and Now till 25th of November you just exchange only 4000 rupees per days.
  6. For this You need to take carry with your Aadhar Card or Voter card, or pan card, or Ration Card, or any other authorized Identity prof for exchange counter.

As per the records 85% of Indian currency is in the form of Rs. 500 and Rs. 1000, now will the introduction of this new Rs. 2000 note this margin will be reduced. This is a great launch by the RBI, this will reduce the burden of printing more notes of Rs. 500 and Rs. 1000. Now it can be reduced by printing a note for Rs. 2000 at once. Reserve Bank of India (RBI) is fully responsible for the monetary policies of Indian rupee. So this new move made by the RBI also seems to be very beneficial for the country.

Exchange 500, 1000 Rupees Note Limit in One Day

For Exchange Currency of 500, and 1000 rupees you have some limits decided by the Narendra Modi our Prime Minister.

For Bank Exchange – Now form Direct Bank Exchange you only eligible for 4000 Rupees in a One days.

Form 10th November to 24th of November – Only Exchange 4000 Rupees.

After 25th of November – extended for 4000 to 6000 or 7000.

ATM Closed – 9th and 10th November.

After 30th December –  You can exchange Notes only in RBI Office with One Forms fill process.

For ATM – By ATM you can only Take only 2000 Rupees in one day. (This limit will be extend)

Time for Exchange Money – 10th November 2016 to 31st of December 2016 (Extended till 31st of March 2016)

Note Eligible till 11th November Only In – Hospitals, Medical shops, Bus Tickets, Railways Booking, Airline Booking.

For Travel to Other country or Tourists – You can exchange only 5000 Rupees in One day.

Bank Names Those exchange Money – One thing you have to notice that every bank is eligible to exchange Old Note with New. In this Allahabad Bank, Bank of India, Bank of Maharashtra, Dena Bank, Indian Bank, UCO Bank, Syndicate Bank, Union Bank, Vijaya Bank, United bank of India, Punjab and Sindh Bank, IDBI, Mahila Bank. Catholic Syrin Bank, DCB Bank, Kotak Mahindra Bank, Lakshmi Vilas Bank YES Bank, IDFC Bank, Jammu and Kashmir Bank, Dhanlaxmi Bank, Tamilnad Mercantile Bank,

Official Website – www.rbi.org.in

Government Of India – india.gov.in

आप अपने पुराने ५०० और १००० के नोट को कैसे बदले

सब से पहले आप अपने किसी भे नज़दीकी बॅंक में जाए. याद रहे आप किसी भी बॅंक में जा सकते है.

उस के बाद आप एक्सचेंज काउंटर पे जा कर पैसे बदल सकते है.

याद रहे आप सिर्फ़ 4000 तक ही एक दिन बदल पाएगे.

अगर आप मशीन से पैसे निकाला है तो आप एक दिन में केवल 2000 रुपए ने निकल पाएगे.

अगर आप बिने बॅंक खाते के पैसे बदल रहे है तो आप को अपने साथ आधार कार्ड, वोटर कार्ड, या पेन कार्ड ले कर जाना होगा.

Images Section for New 500 and 2000 Rupees Notes

new-500-note-front

new-500-note-back

new-2000-note-front

new-2000-note-back

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6 thoughts on “How to Exchange Old 500, 1000 Rupees with New Note SBI, PNB, OBC, All Banks Process, Limit Money 1 Day

  1. N.Buchi Reddy

    People will be suffered a lot by fixing a limit of four thousand a day.centre ought to look in to the matter.

    Reply
  2. swati

    scheme is good but in many branches there is no currency for exchange and people are suffering a lot

    Reply
  3. sapna

    Hi,

    Vijaya Bank , Chickpet Branch is informed that only 4000/= a person can exchange 15 days once. But according to the public statement everyday a person can exchange 4000/=. Why this branch is misguiding the purblic and not allowing to exchange the money everyday.

    Reply
  4. Bipin kumar

    Pm modi mai Bipin Kumar Rathour aapne 500 and 1000 notes band kerke bahut acha kiya

    Reply

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