Quickly understanding how to get legal cash from banks easily from today:
*First of all you have to fill up a small form, which the bank is giving itself.
*You need to have a photocopy of one of the following identity proves with you: PAN card/ Passport/ Driving Licence/ Aadhar / Voter id
*Though public banks have a long queue but the facility to get transaction money is available in private banks also
*If you are withdrawing from your account the maximum amount is Rs 10,000/-
*If you are exchanging notes, you can maximum get an amount of Rs 4000/- per person. Though people were found exchanging more amount than Rs 4000/- by using different id proves in different banks.
*There is no limit in deposition of cash amount. Upto Rs 2.5 lacs the deposition is tax free and above that the tax is imposed.
*The banks are open on Saturday and Sunday
*ATM cash withdrawal limit amount is Rs 2000/- till November 18 and then till November 24 it will be Rs 4000/.
*Few banks, seeing the crowd have increased their number of public dealing counters and work timings also.
*You can also pay your electricity bills also in old notes of Rs 500 and Rs 1000 till tomorrow midnight.
Amidst news of recovery of cash both that of old denomination and the newly released currency