Seven Things the Rs 1000, 500 Cancellation Will Affect The Common Man

Malik Sameed




After the announcement, People are panicking about the money, however there is not much to be worried about. Unless you have stack of illegal cash in your basement.

 1.No Worry for Your Saving Account Money

You don’t need to panic as your money in your saving account is safe .

2. No restrictions On Cheques, cheques, demand drafts, debit or credit cards and electronic fund transfer.

3. For 72 hours,  six places will accept rs 1000, and 500 notes

-Government hospitals
– Railway ticket booking counters
– Airport
– Milk booths
– Crematoria and burial grounds
– Petrol diesel and gas stations

3. New Technology: Every Rs 2000 currency note is embedded with a NGC (Nano GPS chip)

4. Rs 10, 50, 20 and 100 are all valid

 

5. Be Ready for Your Turn at ATM.

Also on the 9th November and in some places on 10th November, ATMs won’t work.




6. Only 2000 limit per day per card and then will raise to 4000
7. Take A look To New Notes 

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