1. RBI posted a 25-point detailed
FAQs on note exchange guidelines.
2. RBI said the most
important reason for the ban was the abnormal rise in the fake currency of
higher denominations.
3. One can get value for
the entire volume of notes tendered at the bank branches/RBI offices.
4. One will get up to Rs
4,000 in cash irrespective of the size of tender and anything over and above
that will be receivable by way of credit to the bank account.
5. ATMs in some area
will remain closed on Wednesday and Thursday, One can withdraw of only Rs 2,000
per day up to 18 November and Rs 4,000 per day from 19 November onwards.
RBI issues ₹2000 note
in new series pic.twitter.com/7Ob2j1t6Ab
— ReserveBankOfIndia (@RBI) November 8, 2016
6. One cannot get the
entire amount in cash as the scheme of withdrawal of old high denomination
notes does not provide for it.
7. One can use balance
in bank accounts to pay for other requirements by cheque or through electronic
means such as online banking, mobile wallets, IMPS, credit/debit cards etc.Rs 2,000
can be withdrawn per day up to 18 November
8. For those without any bank
account, RBI said they can open an account with necessary KYC documents.
9. Even no-frills accounts under
the Jan Dhan Yojana can also avail of the exchange facility subject to the caps
and other laid down limits in accord with norms and procedures.
10. For the exchange of notes,
the person has to carry valid identity proofs. The exchanges of notes can be
done at any branch of the bank that one is banking with.
//copy// indiatimes
