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How to Convert Black Money into White : RS 500 and 1000 Notes Banned

How to Convert Black Money into White

Our Prime Minister Mr Narendra Modi has decided to ban on Rs 500 and 1000 Notes. These Notes are banned from 8th November Midnight. This time most searches in google is “How to Convert Black Money into White”. The searching in trend on Google. PM Modi’s Home State Gujarat Topped in searches. After that Maharashtra and Haryana in second and Third Positions respectively. After 8th November the Banks was closed on 9th November. All ATMs was also closed on 9th and 10th November. The Decision indicates fake Indian currency notes of higher denomination has increased. The Government issued Form will be used to exchange RS 500 and 1000 Notes in New Notes. This decision will change social culture, in the way people keep money and spend. The People across the Country queued in Banks in ATMs from Thursday to get New RS 500 and 2000 Currency Notes.

The decision take against to stop terror funding and circulation of fake currency. This Decision will change Social Culture. Finance Minister Arun Jaitley told reporters on Wednesday about the government’s move. “The honest person has the satisfaction to be honest and the not-so-honest worry.”

How to Convert Black Money into White

How to Exchange Rs 500 & 1000 Currency Notes

The Reserve Bank of India released Rs 2000 Currency Notes. Rs 1000 Notes are closed. The People have to fill up a Form with your correct details along with an Identity Card Number. Identity Card Number may be Voter ID Card, Aadhar Card, Driving License etc. You can exchange your old notes in Banks. Only Rs 4000 will be changed in a day. You can take withdraw Rs 2000 through ATMs till 18/11/2016. Many People not know that How to Exchange Rs 500 and 1000 Notes. Check complete procedure regarding exchanging your notes.

How much value will I get?

You will get value for the entire volume of notes tendered at the bank branches / RBI offices.

Can I get all in cash?

No. You will get up to Rs.4,000 per person in cash irrespective of the size of tender and anything over and above that will be receivable by way of credit to bank account.

Where can I go to exchange the notes?

The facility is available at all Issue Offices of RBI and branches of commercial banks/Regional Rural Banks/ Urban Cooperative Banks (UCBs)/State Co-op banks or at any Head Post Office or Sub-Post Office.

Can I go to any branch of my bank?

Yes you can go to any branch of your bank.

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