How to Return Rs 500 and Rs 1000 Note in Bank SBI, HDFC, ICICI, Indian Bank,PNB,Bank of Baroda,Allahabad Bank,State Bank of India, State Bank of Bikaner & Jaipur, State Bank of Hyderabad, State Bank of Patiala, State Bank of Mysore State Bank of Travancore, Andhra Bank, Bank of India, Bank of Maharashtra, Canara Bank, Central Bank of India, Corporation Bank Dena Bank, Indian Bank, Indian Overseas Bank, Oriental Bank of Commerce, Punjab & Sind Bank, Punjab National Bank, Syndicate Bank UCO Bank, Union Bank of India, United Bank of India, Vijaya Bank, IDBI Bank, Bharatiya Mahila Bank.
Axis Bank, Bandhan Bank, Catholic Syrian Bank, City Union Bank, Development Credit Bank, Dhanlaxmi Bank, Federal Bank HDFC Bank, ICICI Bank, IDFC Bank, IndusInd Bank, ING Vysya Bank, Kotak Mahindra Bank, Jammu and Kashmir Bank, Karnataka Bank Karur Vysya Bank, Kotak Mahindra Bank, Lakshmi Vilas Bank, Nainital Bank, Chartered Mercantile M.Bank Ltd, South Indian Bank Tamilnad Mercantile Bank, Yes Bank.
For Two Days Bank Leave in India, So You can do after two Days
How to Return Rs500 and Rs 1000 Note:
- Take All Your Rs 500 and Rs 1000 Note which is in your Wallet or savings at home.
- Take Adhaar Card For Details.
- Go to your Nearest Bank and You can Change it to new Rs 500 note and Rs 2000 Note respectively.
- Bing You got a new Note
From Midnight Nov 8, 2016 today, Rs500 and Rs1000 notes are no longer legal tender and we have 50 days (From 10 Nov to 30 Dec) to deposit notes of Rs 500 & Rs 1000 in any Bank or Post office.
“From the white paper published bywe find that that Reserve Bank of India (RBI) seems to favour printing higher denominations currency even though the mass of poor people may transact only in lower denominations. We find that in 2005-06, around 57 percent of the total amount of Rs 43 lakh crore of coins and notes introduced in circulation comprised Rs 500 and Rs 1,000 notes. But by 2010-11, the share of the higher notes had become 79 percent of the total value of Rs 95 lakh crore.
This implies that more and more of the denominations in circulation are skewed to higher value notes when the mass of people may need lower value denominations. The very high denominations also facilitate transactions in black money.”
“In our country, cash transactions are more to avoid taxes and generate black money. The higher the denomination, the easier it is to transact and transport. Taking into account our situation, we should evolve laws to prohibit the holding of cash beyond a threshold level and this will go a long way in preventing disbursals for black transactions.”
Personally I think this is a bold move by our Prime Minister. War on Black Money has just begun, Let us all support it.