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As the deadline for exchange of specified banknotes (500 & 1000 before 08/11/2016) was 30/12/2016 exchange of old notes no longer permissible. One can retain maximum 25 pieces of identified notes with him for academic purposes. If kept beyond the limit it is a punishable offense.
Exchange old notes for new at a premium. MUMBAI: Scrapped old notes Rs 500 and Rs 1,000 which were to be exchanged latest by December 20, 2016, are still there. They can be exchanged even now, but for a hefty premium. ... For a crore, we get a commission of Rs 50,000 to Rs 1 lakh.
Is it possible to exchange an old 500 rupee note in 2019? ... As the deadline for exchange of specified banknotes (500 & 1000 before 08/11/2016) was 30/12/2016 exchange of old notes no longer permissible. One can retain maximum 25 pieces of identified notes with him for academic purposes.
MUMBAI: Scrapped old notes Rs 500 and Rs 1,000 which were to be exchanged latest by December 20, 2016, are still there. They can be exchanged even now, but for a hefty premium. ... For a crore, we get a commission of Rs 50,000 to Rs 1 lakh.
Demonetized notes could be exchanged at bank counters and post offices till November 25, 2016, and at RBI offices till December 30. A special grace period was also given for resident Indians till March 31, 2017, and for non-resident Indians (Indian passport holders) till June 30, 2017.
But old banknotes retain their value for all time, so while you can no longer spend them on the high street, you can return them to the Bank of England, or most major banks if you're a customer, and get a new polymer banknote in exchange.
All banknotes issued by the Bank of England retain their face value forever. This means you can take your old £10 notes to a bank, building society or Post Office and exchange them for a new polymer version.
For exchanges, you'll need to put any of your old currency into a cash bag or plastic wallet usually issued by the bank. If you'd prefer to take your old coins or notes to your local Post Office, then you can directly deposit them into your bank account at any of their 11,500 branches too.
Exchanging old notes You need not visit the branch of the bank where you have an account in. If you want to exchange up to Rs 4,000 in cash, you can simply go to any bank with a valid ID proof. This limit of Rs 4,000 for exchanging old notes will be reviewed after 15 days.
As the deadline for exchange of specified banknotes (500 & 1000 before 08/11/2016) was 30/12/2016 exchange of old notes no longer permissible. One can retain maximum 25 pieces of identified notes with him for academic purposes. If kept beyond the limit it is a punishable offense.
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