7 New Announcements on Note Exchange Limit

7 New Announcements on Note Exchange LimitSince the day Rs 500 and Rs 1,000 notes were demonetized, it has been noticed that lots of people are facing problem in withdrawing money for wedding purposes, farmers in agriculture sector etc. So to overcome these problems government has taken some action, 7 New Announcements on Note Exchange Limit, has been declared that will be applicable from Friday, Nov 18 2016. This will help in large number of people to get benefits of over the counter exchange. “This will enable larger number of people to exchange notes. There is no cash shortage and enough cash is available” Shaktikanta Das said. So, to know the detailed announcements and to take advantage of these actions taken for the public convenience, read the below given 7 New Announcements on Note Exchange Limit and many more.

7 New Announcements on Note Exchange Limit

Government has announced some important decisions on demonetization of currency, keeping in mind the issues that people are facing. These decisions will help in solving public issues to some extent.

# The counter note exchange limit will be reduced from Rs 4,500 to Rs 2000 from Nov 18, 2016. Economic Affairs Secretary Shaktikanta Das said this would give more people a chance to exchange banned Rs. 500 and Rs. 1,000 notes.

Check Out! Salient Features of RBI 500 & 2000 Note

New Announcements on Note Exchange Limit

# Rs 2.50 lakh can be withdrew by the families just in one go but only from one account as the notes ban have created lots of problem for the families who were preparing for the functions.

# Rs 50,000 per week can be withdrawn by the registered mandi traders.

Note Exchange Limit

# Farmers can withdraw Rs 25,000 per week against loans sanctioned to them to buy seeds and fertilizers and credited to their accounts.

OMG! No more Problem of getting Rs 100 denomination from ATMs

# For crop insurance premium the date is extended by 15 days.

# Advance salary up to Rs 10,000 can be withdrawn by Central government employees in cash that’ll be adjusted against their Nov salaries.

# Indelible ink mark will be marked by the banks on the right index finger so that one person should not use the exchange facility more than once.

New Announcements on Note Exchange

# For exchanging demonetized Rs 500/ Rs 1000 notes no need of bringing Photostat of ID proof. But, you must have valid original ID at the time of exchanging.

# ATM having cash can now be tracked by using CMS ATM Finder App (APK) from Google Aps. There are total 57,000 ATM of CMS company. This app provides real time status of ATM giving new notes or Rs 100, Rs 50 notes, etc.

Look Out! 500 And 1000 Rupee Notes Banned In India

New Announcements on Note Exchange Limit

# All temple, religious places, shinned, NGO has to give their Cash Deposit details to RBI/ Income Tax Department.

# The price of petrol & diesel has been cut (reduced).

So, this all steps taken will facilitate smooth procurement process and help farmers to sell their produce without any difficulty, families can now do arrangements for marriage as they can withdrew 2.5 lakh for Marriage just in one go. Read the article carefully.

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