The old currency notes of Rs 500 and Rs 1000 can now only be exchanged at the offices of the Central banks.
Can we change old 500 notes now?
All Rs 500 and Rs 1,000 notes to be deposited into banks or post offices from 10th November to 30th December 2016. After 30th December 2016, Rs 500 and Rs 1,000 notes will be accepted till 31st March 2017 in several RBI branches after taking declaration from RBI.
How do I exchange old notes in 2020 RBI?
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.
Where can I change my Indian currency?
Currency exchange in India can be done through Banks (AD-I licence by RBI), and Money Changers(Both AD-II and FFMC licence holders).
How can I sell my old Indian currency?
Step 1: Open the homepage of websites where you want to sell your old note. You can visit Ebay, Click India etc. Step 2: For selling the note online in an auction, you have to click the photo of the currency note having 12345 or 123456 digits on it. Step 3: Register yourself as a seller on the bidding website.
How do I exchange old notes?
All these notes can be exchanged at the counters of any public sector bank branch, any currency chest branch of a private sector bank or any Issue Office of the Reserve Bank of India. There is no need to fill any form for doing this.
Where can I change old money?
Replace Damaged Bills
Unfit or contaminated currency can be exchanged at commercial banks, says the FRBSF. However, some banks may exchange worn or torn notes only for their customers. Ideally, visit the bank you normally use and deposit the money into your account.
Where can I change damaged notes?
These can also be exchanged at the counters of any public sector bank branch, any currency chest branch of a private sector bank or any Issue Office of the RBI without filling any form.
What can I do with old Indian currency?
The Indians who still have the old Rs 500 and Rs 1000 notes can get them deposited in their bank account or the post office saving accounts or exchange them for new currency at the offices of the Central Bank.
Which bank is best for currency exchange?
Best Currency Exchange Services
- Best Overall: Bank of America.
- Best for Quick Delivery: Citibank.
- Best ATM Access: Capital One.
- Best for Transferring Money: Wise.
- Best Fee-free Transfer: OFX.
Where can I exchange currency for free?
Your bank or credit union is almost always the best place to exchange currency.
- Before your trip, exchange money at your bank or credit union.
- Once you’re abroad, use your financial institution’s ATMs, if possible.
- After you’re home, see if your bank or credit union will buy back the foreign currency.