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25 things to know about 500 1000 notes banned in india and how to exchange them

New Delhi : Narendra Modi on Tuesday announced that Rs 500 and Rs 1,000 rupee banknotes would be withdrawn from circulation at midnight to crack down on rampant corruption

1)What are the restrictions on ATM withdrawals?

?ATMs will not work on November 9 and in some places on November 10. But from November 11, you can withdraw money and ATMs will stop dispensing the existing Rs 500 and 1000 notes. For the first few days, these withdrawals are being restricted to Rs 2,000 per card per day, and will later be increased to Rs 4,000 per card per day.

2) Where can I exchange/ deposit my Rs 500 and Rs 1000 notes?

?From November 10 till December 30 you can deposit the old notes at your nearest bank or post office accounts without any limit. But withdrawals from banks are capped at Rs 10,000 per day and Rs 20,000 per week. 

3)will be increased in the coming days?

?You can also exchange Rs 500 and Rs 1000 notes for lower denomination at banks, head post offices and sub-post offices. However, the exchange limit has been capped at Rs 4,000, and you can exchange till November 24. must produce a valid government identity cards like PAN, Aadhaar and Election Card.Banks will remain closed on November 9 allowing them time to cope with the new directive.There is no restriction of any kind on non-cash payments by cheques, DDs, debit or credit cards and electronic fund transfer

4)Can I withdraw money from ATMs?

?It may take a while for the banks to recalibrate their ATMs. Once the ATMs are functional, you can withdraw from ATMs up to a maximum of Rs 2,000 per card per till November 18. The limit will be raised to Rs 4000 per day. Per card from November 19.

5)Can I deposit specified bank notes through ATMs, cash deposit machines or cash recycle?

?Yes, specified bank notes can be deposited at cash deposits machines/cash recyclers.

6)How much time do I have to exchange the notes?

?The scheme closes on December 30. The specified banknotes can be exchanged at branches of commercial banks, regional rural banks, urban cooperative banks, state cooperative banks and the RBI till December 30. For those who are unable to exchange their specified bank notes on or before December 30, an opportunity will be given to them to do so at specified offices of the RBI, along with necessary documentation as may be specified railway stations, and air tickets at airports, within 72 hours after the notification.

7)What is more information?
?Narendra Modi said that all notes in lower denomination of Rs 100, Rs 50, Rs 20, Rs 10, Rs 5, Rs 2 and Rs 1 and all coins will continue to be valid.

8)Why was the scheme introduced?

?The incidence of fake Indian currency notes in higher denomination has increased. For ordinary people, the fake notes look similar to genuine notes, even though no security feature has been copied. The fake notes are used for anti-national and illegal activities. High denomination notes have been misused by terrorists and for hoarding black money. India remains a cash-based economy, hence, the circulation of fake Indian currency notes continues to be a menace. In order to contain the rising incidence of fake notes and black money, the scheme to withdraw the Rs 500 and Rs 1000 notes has been introduced.

9)What value will I get for the old notes?

?You will get value for the entire volume of notes tendered at the bank branches/RBI offices.

10)Why can’t I get the entire amount in cash when I have surrendered everything in cash?

?The scheme does not provide for it, given its objectives.

11)What if I don’t have any bank account?

?You can always open a bank account by approaching a bank branch with necessary documents.

12)Where can I go to exchange the notes?

?The exchange facility is available at all issue offices of the RBI and branches of commercial banks/RRBS/UCBs/state co-op banks or at any head post office or sub-post office.

13)Can I go to any branch of my bank?

?Yes you can go to any branch of your bank.

14)I have no account but my relative/friend has an account, can I get my notes exchanged into that account?

?Yes, you can do that if the account holder gives you permission in writing. While exchanging, you should provide to the bank evidence of permission given by the account holder and your valid identity proof.

15)What is this scheme?

?The legal tender character of the existing bank notes in denominations of Rs 500 and Rs 1000 issued by the Reserve bank of India till November 8, 2016 (hereinafter referred to as Specified Bank Notes) stands withdrawn. In consequence thereof, these bank notes cannot be used for transacting business and/or storage of value for future usage. These bank notes can be exchanged for value at any of the 19 offices of the Reserve Bank of India or at any of the bank branches or at any head post office or sub-post office.

17)Can I get cash for all old notes?

?No. You will get up to Rs 4000 per person in cash irrespective of the size of tender. Anything over and above that will be receivable by way of credit to bank accounts.

18)Rs 4000 cash is insufficient for my need. What do I do?

?You can use balances in bank accounts to pay for other requirements by cheque or through electronic means of payments such as Internet banking, mobile wallets, IMPS, credit/debit cards etc.

19)What if, if I only have a Jan-Dhan Yojana account?

?A Jan-Dhan Yojana account holder can avail the exchange facility subject to the caps and other laid down limits in accordance with norms and procedures.

20)Need I go to my bank branch?

?For exchange of up to Rs 4000 in cash, you may go to any bank branch with a valid identity proof.

For exchange of over Rs 4000, which will be accorded through credit to bank account only, you may go to the branch where you have an account or to any other branch of the same bank. In case you want to go to a branch of any other bank where you are not maintaining an account, you will have to furnish valid identity proof and bank account details required for electronic fund transfer to your account.

21)Can I go to any branch of any other bank?

?Yes, you can go to any branch of any other bank. In that case you have to furnish valid identity proof for exchange in cash; both valid identity proof and bank account details will be required for electronic fund transfer in case the amount to be exchanged exceeds Rs 4000.

22)What is a proof of identity?

Valid Identity proof is any of the following: Aadhaar card, driving license, voter ID card, passport, NREGA card, PAN card, identity card issued by the government, public sector unit to its staff.

23)Can I withdraw cash against cheque?

?Yes, you can withdraw cash against withdrawal slip or cheque subject to ceiling of Rs 10,000 in a day within an overall limit of Rs 20,000 in a week (including withdrawals from ATMs) up to November 24, after which these limits. 

24)I am not in India right now, what should I do?

?If you have specified banknotes in India, you may authorise someone in writing, enabling the person to deposit the notes into your bank account. The person so authorised has to come to the bank with the specified banknotes, the authority letter given by you and a valid identity proof (valid identity proof is any of the following: Aadhaar card, driving license, voter ID card, passport, NREGA card, PAN card, identity card issued by the government, public.

25)I am a foreign tourist and I have these notes, what do I do?

?You can purchase foreign exchange equivalent to Rs 5000 using these specified bank notes at airport exchange counters within 72 hours after the notification, provided you present proof of purchasing the specified bank notes.

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A Facebook user has shared a story about how a teenage girl was allegedly being pestered by her Mathematics teacher in Uyo

”We are no strangers to the abuses girls are plagued with all their lives. Most girls face these things right from secondary school and at the hands of hyper-sexual overreaching teachers and youth Corps members (one of the reasons I don’t support the posting of inexperienced and irresponsible young boys to teach and abuse girls in secondary schools in the name of nysc).
”What we have here is a case to show how deep we have snowballed. A young teacher, named Ndubuisi Vincent, takes mathematics at Nuco comprehensive secondary school, Uyo. He has been disturbing a student known as Idara Okon for sexual favours for a long time. He took his advances to Facebook and he sent the girl inappropriate messages. The girl could take it no further and she resolved to expose him by sharing screenshots of their conversations online. She tagged other teachers and the school management. I have uploaded the said conversations here as proof together with other screenshots surrounding the event.
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”I enjoin concerned Nigerians to fight against child abuse and female abuse. The girl child suffers too much in Nigeria. At 17, a girl should be focused on her books and passing WAEC, NECO, JAMB, and any other exam that Nigeria plagues her with, and not sleeping with randy male teachers who have nothing to offer. I seize this medium to warn all those partaking in this great injustice, at all levels, to desist from it. Those who do this forget the law of karma. They’ll soon have daughters of their own. Apart from that, they forget that the world is becoming better oriented and advanced. As for the guilty ones, learn from this and know that your time is coming. Trust me when I say you won’t believe it when it happens.
”This young teacher needs to be punished and prosecuted for child abuse, breach of trust and any other crime he has committed. Let his case serve as a detterent for others who engage in questionable acts such as this. The next people that will be served like this are randy male corpers who abuse people’s children in the name of serving the country. To those corpers, I say “big brother is watching you”!

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5 health dangers of cell phones nobody told you about

To many users, mobiles make as essential part of their daily routine as breathing, eating and sleeping. But few wonder if such trend is that good for our health? If used properly, cell phones are your best allies, but too many people abuse these devices, which eventually results in many minor and major troubles.
1. Facing germs
According to scientific data, your most used device has 10 times more germs on it than a toilet seat. This happens because you rarely bother to clean your phone (admit it finally). And now think of all that cases when people cook, clean the house, walk a dog and (dear Lord!) use the restroom and straight jump into texting without washing their hands. Believe, it happens more often than you can imagine. Researchers say that phones can host E. coli bacteria able to cause fever, vomiting, and diarrhea. Scary, isn’t it? However, there is one way to avoid spreading germs and it’s not rocket science to figure it out: wash your hands with soap and water (at least after using the restroom) and regularly clean your phone with an antibacterial wipe.
2. Seeking the perfect shot
The statistics of deaths caused by dumb cell phone usage is terrifying. Earlier this summer, a German tourist died after posting a photo in Machu Picchu because he went into a dangerous restricted area to make the perfect snap. He ignored safety signs and plunged over the edge of a cliff. Another tourist, Colleen Burns, was in the middle of capturing the Grand Canyon when she tripped on her own feet and fell backward into the canyon. A South Korean resident died in the Amazon rain forest after falling off the Gocta waterfall, and a Japanese tourist died while taking a selfie at the Taj Mahal after not handling gravitation.
Unfortunately, these incidents aren’t isolated, and tons of people break the law and risk their health and life to get the perfect shot. The moral of their stories is obvious: watch where you take selfies and mind that no image is worth your life.
3. Risking to contract cancer
Scientists are yet to discover whether cell phone use causes cancer, but you shouldn’t ignore this possibility. The electronic pulses this device uses for operation may damage your body, a brain in particular, plus, cell phones emit radio waves, which also seem suspicious to users. Though the evidence of that this type of energy is harmful needs to be investigated further, try to reduce cell phone use overall, especially when it comes to children.
4. Talking and texting while driving
Though it may sound strange to you, but cell phones are responsible for 1.6 million auto crashes each year, which result in a half million injuries and 6.000 deaths. Unless you want to be 23 more times likely to crash your car, stop texting and making selfies when you’re at the wheel. Do yourself and your traffic companions a favor by going hands-free when driving. It could save your life and lives of passengers you happen to transport.
5. Struggling with vision
Doctors, eye specialists, in particular, have been ringing the alarm for a long time warning that cell phones, tablets, computers and television cause eye strain and other vision problems. About one-third of adults reportedly uses electronic devices up to six hours a day, which eventually leads to eye redness or irritation, dry eyes, blurred vision, back pain, neck pain, and headaches. So, the strategy you need to opt for to let your eyes stay sharp longer is to stop staring at a screen too closely.

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