Rs 500, Rs 1000 notes are no longer legal tender: What you need to know and do
1. Keep calm: you have 50 days time to exchange / deposit your old notes in banks / post office and lower denomination notes and coins will remain legal tender. 2. Emergency requirements have been taken care of. · Some leeway has been given by the government for use of these notes for medical emergencies etc. For first 72 hours from Nov 8 midnight i.e. till 11 Nov midnight government hospitals will accept these old notes, pharmacies in government hospitals will accept these notes with Doctor’s prescription. · Old notes will be accepted for railway ticket booking and air travel booking for the first 72 hours. RELATED VIDEO RBI to circulate new 500, 2000 currency notes · Additionally, For 72 hours old notes will be accepted at petrol , diesel and CNG stations authorised by public sector companies, milk booths, crematoriums, and government co-operative stores. · International airports will make arrangements for arriving passengers to exchange up to Rs 5000 wo...