Demonetisation: Last Date For Rs 500 and Rs 1000 Notes Deposit Might be Increased


Last date for Rs 500 and Rs 1000 Notes Deposit might be increased by RBI (Reserve Bank of India). It’s not a rumor. The central bank has bombarded with the queries that people aren’t able to deposit their notes within the deadline of 30th December 2016, so please extend the period.

The amounts are as small as Rs 2,000… the issue is being looked into and the advice would be to hold on to those notes as we are examining (opening) another window for these genuine people,” the source said.

Last Date for Rs 500 and Rs 1000 Notes Deposit

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Last Date For Rs 500 and Rs 1000 Notes Deposit Might be Increased to 31st March 2017

Yes, we all have tried to submit the notes within the deadline and we tried our best to do so but still at many instances we might get a chance to have those old notes yet.

Means, if someone has hidden a note anywhere for a long time span and mistakely he miss to take that to change, then that’s just a piece of paper.

Well, one of the queries was from a person who found a Rs 1,000 note in a book which he kept to pay bill. Interesting, isn’t it?

If permission granted by RBI, people can only deposit miniscule amount of money and only at RBI offices with a valid reason.

Don’t worry, you won’t have to give the reason for money, you have to tell why you wasn’t submitted it before 30th December 2017.

Last Date for Rs 500 and Rs 1000 Notes Deposit: Only little amount submitted

Yes, you can’t deposit even Rs 5000 or Rs 10000, the amount won’t have to exceed than Rs 2000.

If allowed by RBI, the increased date would be 31st March 2017.

On 8 November 2016, Rs 500 and Rs 1000 Notes are illegal and not a part of legal tender, announced by PM Modi.

Demonetisation of Rs 500 and Rs 1000 notes is one of the hardest decision ever taken in India. The time when it took place, we all were just surprised and shocked too.

Even though, we started finding the ways to spend any money we have.

Really, there’s a lot of black money in the country that’s why at the time of Demonetisation the most searched query on Google is,”How to Convert Black Money into White Money“.

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