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Effect on Stock Market As Rs 500 and Rs 1000 Notes get Scrapped-TradeIndia Research

PM Narendra Modi on Tuesday declared that Rs 500 and Rs 1,000 rupee banknotes would be pulled back from flow at midnight to get serious about uncontrolled corruption and fake currency.

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Effect on Stock Market As Rs 500 and Rs 1000 Notes get Scrapped-TradeIndia Research

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  1. Rs 500, Rs 1000 notes Discard: Allyou have to know and do in next fewdays PM Narendra Modi on Tuesday declared that Rs 500 and Rs 1,000 rupee banknotes would be pulled back from flow at midnight to get serious about uncontrolled corruption and fakecurrency. This is what you have to know and do in the following fewdays: Where would I be able to deposit my Rs 500 and Rs 1000notes? From November 10 till December 30 you can deposit the old notes at your closest bank or post office accounts without any limit. In any case, withdrawals from banks are topped at Rs 10,000 every day and Rs 20,000 every week. This limit will be expanded in the comingdays. For trading Stock Market GET FREE TRIAL CALL:+91-7415033556

  2. You can also exchange Rs 500 and Rs 1000 notes for lower category at banks, head post office and sub-post office. However, the exchange limit has been topped at Rs 4,000, and you can exchange till November 24. One must create a valid government identity card like PAN, Aadhaar and ElectionCard. Banks will stay shut on November 9 permitting them an opportunity to adapt to the neworder. There is no restriction of any sort on non-money payments by checks, DDs, debit or credit cards and electronic fundexchange. What are the limitations on ATM withdrawals? ATMs won't deal with November 9 and in a few places on November 10. But from November 11, you can withdraw cash and ATMs will stop dispensing the current Rs 500 and 1000 notes. For the first few days, these withdrawals are being limited to Rs 2,000 for every card for every day, and will later be expanded to Rs 4,000 for each card for eachday. See Effect on Stocks and Pricehttp://bit.ly/2dCQHGL For trading Stock Market GET FREE TRIAL CALL:+91-7415033556

  3. Where would I be able to even now utilize my Rs 500, Rs 1000notes? • Till November 11, the following government-authorized spots and organizations will keep on accepting Rs 500 and Rs 1000 notes forpayment: • Consumer co-operativestores • Petrol, diesel and gas stations authorised by public sector oilcompanies • Railway, airline, bus ticket bookingcounters • hospitals • See Effect on Stock Markethttp://bit.ly/2baf1Nf For trading Stock Market GET FREE TRIAL CALL:+91-7415033556

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