Thursday, November 10, 2016

How to exchange Rs 500 and Rs 1000 notes

Thursday morning will be a full of hustle and bustle in banks and post offices everyone is supposed to visit his or her bank’s branch to exchange high denomination bank notes that have been banned by PM Narendra Modi-led government from Tuesday night. But before doing this you need to know the basic facts and precautions to be adopted to avoid further inconvenience.

To exchange the notes, it’s not enough to carry the currency, you will also need take an identity proof to fill the ‘request slip’. Without the ‘request slip’, conversion of old notes into new ones is impossible. So, here is all you want to know about ‘request slip’:

You are supposed to carry an original identity proof, like Aadhaar Card, Driving Licence, Voter ID Card, Pass Port, NREGA Card, PAN Card, identity card issued by Government Department, Public Sector Unit to its Staff. You will have to present it before the bank clerk or designated officer.

You will also need to mention the identification number of the ID proof in form.

Putting details of notes are also necessary here.

As per the direction, do not try to exchange more than Rs 4000.

And most important, carry your own pen to avoid inconvenience for yourself and also for others.

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