banknote exchange form Archives - Tax Heal https://www.taxheal.com/tag/banknote-exchange-form Complete Guide for Income Tax and GST in India Thu, 24 Nov 2016 12:34:03 +0000 en-US hourly 1 https://wordpress.org/?v=6.9.4 Request slip for exchange of old high denomination BankNotes -500 -1000 https://www.taxheal.com/request-slip-for-exchange-of-old-high-denomination-banknotes-500-1000.html https://www.taxheal.com/request-slip-for-exchange-of-old-high-denomination-banknotes-500-1000.html#respond Fri, 11 Nov 2016 14:38:51 +0000 http://taxheal.com/?p=17400  Requisition Slip / Request Slip for exchange of Old High Denomination Bank Notes in denominations of Rs 500/- and Rs 1000/- Rs 500 and Rs 1000 Bank Notes of aggregate value upto Rs. 4000 only held by a person can be exchanged by him/her at any bank branch or Issue Office of Reserve Bank of… Read More »

]]>  Requisition Slip / Request Slip for exchange of Old High Denomination Bank Notes
in denominations of Rs 500/- and Rs 1000/-

Rs 500 and Rs 1000 Bank Notes of aggregate value upto Rs. 4000 only held by a person can be exchanged by him/her at any bank branch or Issue Office of Reserve Bank of India for any other denomination of Banknotes, provided a Requisition Slip as per format is presented with proof of identity  along with the High Denomination Banknotes.

Annexure 5 Request slip is common for withdrawal / Change/ Exchange of Bank Notes of Rs 500 and Rs 1000 from any Bank or Post Office in India. You have to just mention the Name of the bank Branch and Address on Top line provided in the Annexure- 5

Download Request Slip for exchange of Old High Denomination Bank Notes Rs 500/- and Rs 1000/ Bank Note -English, Click To Download Request Slip for exchange of Rs 500/- and Rs 1000/ Bank Note in Hindi

Download Request Slip for exchange of Rs 500/- and Rs 1000/ Bank Note in Hindi

Annex-5 /जुड़ा-5

पुरातन उच्च मूल्यवर्ग बैंक नोटों (रुपये 500 / – और रुपये 1000 / -) के अदला बदली के लिए अनुरोध पर्ची
बैंक की शाखा का नाम__________________________________________

निविदाकर्ता का नाम
(बड़े अक्षर में)		  

 
पहचान  का मूल सबूत काउंटर पर दिखाया जा सकता है (किसी भी एक निशानपर टिक करे )  आधार कार्ड, ड्राइविंग लाइसेंस, वोटर आईडी कार्ड , पासपोर्ट, नरेगा कार्ड, पैन कार्ड, सरकार विभाग / सार्वजनिक क्षेत्र की इकाई द्वारा अपने कर्मचारियों को  जारी किए पहचान पत्र
पहचान संख्या( पहचान के सबूत में उल्लेख किया )  

 
अदला बदली  के लिए प्रस्तुत  नोट्स  का  विवरण
मूल्यवर्ग टुकड़े की संख्या मूल्य
रुपये 500  

 
रुपये  1000
कुल
शब्दों में कुल मूल्य:

 

 
निविदाकर्ता के हस्ताक्षर  

 
जगह:

तारीख:

  

 

Proof of Identity /Documents required along with Requisition slip/ Request Slip for exchange of Old High Denomination Bank Notes Rs 500/- and  Rs 1000/

Any of the following Identity Proof Original to be shown at the counter of the Bank for Exchange of Bank Notes of Rs 500 and Rs 1000:-

Aadhaar Card,

Driving License,

Voter ID Card,

Pass Port,

NREGA Card,

PAN Card,

Identity Card Issued by Government Department, Public Sector Unit to its Staff,

Banks where Requisition slip/ Request Slip for exchange of Old High Denomination Bank Notes Rs 500/- and  Rs 1000/

Rs 500 and Rs 1000 held by a person other than a bank or Government Treasury may be exchanged at the 19 Issue Offices of the Reserve Bank of India and all branches of public sector banks, private sector banks, foreign banks, Regional Rural Banks, Urban Cooperative Banks and State Cooperative banks only upto and including December 30, 2016, on tender of the Rs 500 and Rs 1000 Bank Notes.

Common Request Slip for exchange of Old High Denomination Bank Notes Rs 500/- and  Rs 1000/:

Annexure 5 Request slip is common for withdrawal / Change/ Exchange of Bank Notes of Rs 500 and Rs 1000 from any Bank or Post Office in India. You have to just mention the Name of the bank Branch and Address on Top line provided in the Annexure- 5

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Details of the Scheme for Exchange of Bank Note of Rs 500 and Rs 1000 are as follow

1. In terms of Gazette Notification No 2652 dated November 08, 2016 issued by Government of India, existing series of banknotes in the denominations of Rs. 500/- and Rs. 1000/- issued by the Reserve Bank of India upto November 8, 2016, hereinafter referred to as Rs 500 and Rs 1000 , shall cease to be legal tender in payment or on account at any place with effect from the 9th November, 2016.

2. Rs 500 and Rs 1000 held by a person other than a bank or Government Treasury may be exchanged at the 19 Issue Offices of the Reserve Bank of India and all branches of public sector banks, private sector banks, foreign banks, Regional Rural Banks, Urban Cooperative Banks and State Cooperative banks only upto and including December 30, 2016, on tender of the Rs 500 and Rs 1000 Bank Notes   subject to the following conditions:

(a) Rs 500 and Rs 1000 Bank Notes of aggregate value upto Rs. 4000 only held by a person can be exchanged by him/her at any bank branch or Issue Office of Reserve Bank of India for any other denomination of Banknotes, provided a Requisition Slip as per format prescribed in Annex-5 is presented with proof of identity (as indicated in Annex-5 ), along with the High Denomination Banknotes.

(b) Where the aggregate value of the Rs 500 and Rs 1000 Bank Notes tendered exceeds Rs. 4000, the equivalent value will be credited to the account of the tenderer maintained with the bank where the High Denomination Banknotes are tendered. The limit of Rs. 4000/- for exchanging Rs 500 and Rs 1000 Bank Notes at bank branches or at Issue Offices of Reserve Bank of India will be reviewed after 15 days.

(c) There will be not be any limit on the quantity or value of Rs 500 and Rs 1000 Bank Notes to be credited to the account of the tenderer, maintained with the bank where the Rs 500 and Rs 1000 Bank Notes are tendered.

(d) The equivalent value of the Rs 500 and Rs 1000 Bank Notes tendered can be credited to an account maintained by the tenderer at any bank in accordance with standard banking procedure and on production of valid proof of Identity.

(e) The equivalent value of the Rs 500 and Rs 1000 Bank Notes tendered can be credited to a third party account provided specific authorization therefor accorded by the said account holder is presented to the bank, following standard banking procedure and on production of valid proof of Identity of the person actually tendering.

Request slip for exchange of old high denomination BankNotes -500 -1000

(f) In accounts where compliance with extant Know Your Customer (KYC) norms is not complete, a maximum value of Rs. 50,000/- of Rs 500 and Rs 1000 Bank Notes can be deposited.

(g) Cash Withdrawal from a bank account over the counter will be restricted to Rs. 10,000/- subject to an overall limit of Rs. 20,000/- in a week for the first fortnight.

(h) There will be no restriction on the use of any non-cash method of operating the account which will include cheques, demand drafts, credit/debit cards, mobile wallets and electronic fund transfer mechanisms.

(i) Withdrawal from ATMs would be restricted to Rs. 2,000/- per day per card up to November 18, 2016. The limit will be raised to Rs. 4,000/- per day per card from November 19, 2016 onwards. All ATMs will dispense Rs. 100 and/or Rs. 50 denomination Banknotes only until further instructions from RBI.

(j) For those who are unable to exchange their Rs 500 and Rs 1000 Bank Notes on or before December 30, 2016, an opportunity will be given to them to do so at specified offices of the RBI until a later date, along with necessary documentation as may be specified by the Reserve Bank of India.

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]]> https://www.taxheal.com/request-slip-for-exchange-of-old-high-denomination-banknotes-500-1000.html/feed 0 How to Exchange Rs 500 / Rs 1000 Bank Notes w.e.f 10.11.2016 https://www.taxheal.com/exchange-rs-500-rs-1000-bank-notes.html https://www.taxheal.com/exchange-rs-500-rs-1000-bank-notes.html#comments Wed, 09 Nov 2016 00:27:48 +0000 http://taxheal.com/?p=17213 How to Exchange Rs 500 / Rs 1000 Bank Notes w.e.f 10.11.2016 Central Government of India  declared that the specified bank notes ( Rs 500 and Rs 1000) shall cease to be legal tender with effect from the 9th November, 2016 vide Notification No S.O. 3407(E) dated 08.11.2016 Download Request Slip /Requisition Slip for Exchange of Rs… Read More »

]]> How to Exchange Rs 500 / Rs 1000 Bank Notes w.e.f 10.11.2016

Central Government of India  declared that the specified bank notes ( Rs 500 and Rs 1000) shall cease to be legal tender with effect from the 9th November, 2016 vide Notification No S.O. 3407(E) dated 08.11.2016

Rs 500 Bank Note

Download Request Slip /Requisition Slip for Exchange of Rs 500 and 1000 Bank Note

Procedure to Exchange Bank Notes of Rs 500 and Rs 1000 w.e.f 10.11.2016

Following is the procedure to Exchange Bank Notes of Rs 500 and Rs 1000 and Key Points

  • Banks Authorized to Exchange Bank Notes of Rs 500 and Rs 1000:-Bank notes of Rs 500 and Rs 1000 held by a person may be exchanged at any Issue Office of the Reserve Bank or any branch of public sector banks, private sector banks, foreign banks, Regional Rural Banks, Urban Cooperative Banks and State Cooperative Banks .
  • Period  to Exchange Bank Notes of Rs 500 and Rs 1000:- Bank notes of Rs 500 and Rs 1000 held by a person may be exchanged  up to and including the 30th December, 2016. Any person who is unable to exchange or deposit the Bank notes of Rs 500 and Rs 1000 in their bank accounts on or before the 30th December, 2016, will be given an opportunity to do so at specified offices of the Reserve Bank or such other facility until a later date as may be specified by it by Govt of India
  • Limit  to Exchange Bank Notes of Rs 500 and Rs 1000 : Bank notes  of Rs 500 and Rs 1000 aggregate value of Rs.4,000/- or below may be exchanged for any denomination of bank notes having legal tender character.The limit of Rs.4,000/- for exchanging bank notes of Rs 500 and Rs 1000 shall be reviewed by Govt of India after fifteen days from 09.11.2016 and appropriate orders may be issued by Govt in this regard. Old Bank Note Exchange Limit Rs 2000 w.e.f 18.11.2016 -Govt Notification . Bank Notes Exchange over upto Rs 2000 only once per person w.e.f 18.11.2016 : RBI
  •  No limit if amount deposited /credited into Bank Account: -There shall not be any limit on the quantity or value of the specified bank notes to be credited to the account maintained with the bank by a person, where the specified bank notes are tendered; However, where compliance with extant Know Your Customer (KYC) norms is not complete in an account, the maximum value of specified bank notes as may be deposited shall be Rs.50,000/-;
    • The equivalent value of Bank notes  of Rs 500 and Rs 1000 tendered may be credited to an account maintained by the tenderer at any bank in accordance with standard banking procedure and on production of valid proof of Identity
  • Depositing / Credited amount into Account of Another person/ Third party :- The equivalent value of specified bank notes tendered may be credited to a third party account, provided specific authorisation therefor accorded by the third party is presented to the bank, following standard banking procedure and on production of valid proof of identity of the person actually tendering;
  •  Format and Identify Proof :- Bank notes  of Rs 500 and Rs 1000 aggregate value of Rs.4,000/- or below may be exchanged for any denomination of bank notes having legal tender character, with a requisition slip in the format specified by the Reserve Bank and proof of identity;
  • Limit on Cash Withdrawal :- cash withdrawal from a bank account over the counter shall be restricted to Rs.10,000/- per day subject to an overall limit of Rs. 20,000/- a week from 09.11.2016 until the end of business hours on 24th November, 2016, after which these limits shall be reviewed  by Govt of India. However  now this limit has been revised by Govt Read Govt Notification on Cash Withdrawal Rs 24000 weekly & ATM limit Rs 2500 daily
  • Use of Non Cash Methods :  There is no restriction on the use of any non-cash method of operating the account of a person including cheques, demand drafts, credit or debit cards, mobile wallets and electronic fund transfer mechanisms or the like;
  • Withdrawal from ATM :- withdrawal from Automatic Teller Machines (hereinafter referred to as ATMs) is  restricted to Rs.2,000 per day per card up to 18th November, 2016 and the limit will be raised to Rs.4,000 per day per card from 19th November, 2016;However  now this limit has been revised by Govt Read Govt Notification on Cash Withdrawal Rs 24000 weekly & ATM limit Rs 2500 daily
  • Closure of Bank :- Every banking company and every Government Treasury will be closed for the transaction of all business on 9th November, 2016, except the preparation for implementing this scheme and remittance of the specified bank notes to nearby currency chests or the branches or offices of the Reserve Bank and receipt of bank notes having legal tender character.
  • Closure of ATM :- All ATMs, Cash Deposit Machines, Cash Recyclers and any other machine used for receipt and payment of cash shall be shut on 9th and 10th November, 2016.
  • Recalling of Bank Notes : Every bank referred  shall recall the bank notes of Rs 500 and Rs 1000 from ATMs and replace them with bank notes having legal tender character prior to reactivation of the machines on 11th November, 2016. The sponsor banks of White Label ATMs shall be responsible to recall the specified bank notes from the White Label ATMs and replacing the same with bank notes having legal tender character prior to reactivation of the machines on 11th November, 2016.
  • ATMs to give Rs 100 and Rs 50 until further order : All banks will ensure that their ATMs and White Label ATMs shall dispense bank notes of denomination of Rs.100 or Rs. 50, until further instructions from the Reserve Bank.
  • Resume Normal Operation :–  The banking company and Government Treasuries shall resume their normal transactions from 10th November, 2016.
  • Daily Statement to RBI by Banks :- Every banking company shall at the close of business of each day starting from 10th November, 2016, submit to the Reserve Bank, a statement showing the details of specified bank notes exchanged by it in such format as may be specified by the Reserve Bank.
  • Return of Bank note and Stock of Bank Note to RBI :- Every banking company defined under the Banking Regulation Act, 1949 (10 of 1949) and every Government Treasury shall complete and forward a return showing the details of specified bank notes held by it at the close of business as on the 8th November, 2016, not later than 13:00 hours on the 10th November, 2016 to the designated Regional Office of the Reserve Bank of India (hereinafter referred to as the Reserve Bank) in the format specified by it. Immediately after forwarding the return  the bank notes of Rs 500 and Rs 1000 shall be remitted to the linked or nearest currency chest, or the branch or office of the Reserve Bank, for credit to their accounts
  • Valid Transactions with Rs 500 and Rs 1000 Bank Note :- The  bank notes of Rs 500 and Rs 1000 shall not be ceased to be legal tender, with effect from the 9th November, 2016 until the 11th November, 2016, to the extent of transactions specified below, namely:—
    (a) for making payments in Government hospitals for medical treatment and pharmacies in Government hospitals for buying medicines with doctor’s prescription;
    (b) at railway ticketing counters, ticket counters of Government or Public Sector Undertakings buses and airline ticketing counters at airports for purchase of tickets;
    (c) for purchases at consumer cooperative stores operated under authorisation of Central or State Governments;
    (d) for purchase at milk booths operating under authorisation of the Central or State Governments;
    (e) for purchase of petrol, diesel and gas at the stations operating under the authorisation of Public Sector Oil Marketing Companies;
    (f) for payments at crematoria and burial grounds;
    (g) at international airports, for arriving and departing passengers, who possess specified bank notes, the  value of which does not exceed five thousand rupees to exchange them for notes having legal tender character;
    (h) for foreign tourists to exchange foreign currency or specified bank notes, the value of which does not exceed five thousand rupees to exchange them for notes having legal tender character.
    Note:- All establishments , shall maintain complete account of record of stock and sale of transactions made with the specified bank notes during the period between 9th November, 2016 and 11th November, 2016.
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