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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New Delhi : Narendra Modi on Tuesday announced that Rs 500 and Rs 1,000 rupee banknotes would be withdrawn from circulation at midnight to crack down on rampant corruption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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TOP 7 IMPORTANT THINGS YOU CAN USE USB OTG CABLE FOR WITH ANDROID

OTG is an abbreviation for On-The-Go . It is a standard cable that allows devices to communicate (connect) with one another. OTG is a simple tool that can do a lot of amazing things but many people have not even heard about it, some have heard about it but dont know what it is or what it is used for.
In this post, Ill be explaining some cool stuffs you can do with a USB OTG cable.
Connecting A Game Pad With An Android Phone
For a hardcore gamer, playing games on your android screen just wont be good enough. However with the help of an OTG cable, you can simply connect your game pad to your android phone and have the same gaming experience as on a Playstation or Xbox.
Connecting A Mouse To An Android Phone
With an OTG cable you can connect a mouse to your android devices. When a mouse is connected to your Android using a USB OTG cable, a mouse pointer appears on the screen allowing you to click to select and open items on the screen.
The touch screen continues to function as normal even when a mouse is connected.
Sharing Battery Charge Between Two Devices
This days, we see devices with extra large battery capacities like the oukitel K10000 with 10,000mah or Tecno L8 with 5050mah. All that battery is too much to use alone, with OTG you can share some of that battery with friends and families... Enemies too just to make them jealous.. Lol
To share battery charge between two phones, all you need is an OTG cable and a regular charger cable.
When you have everything ready, connect the charger cable to one of the phones and connect the OTG cable to the other phone. Attach the two cables together, the phone with a smaller charge level will start to charge.
The charging will continue until the batteries of both phones has almost the same level of charge. However you can stop the charging anytime by disconnecting the cables.
Connecting A Modem To Your Phone/Tablet
People who have WiFi only tablets or devices without 3G support might need to use 3G Modem with their Android device to get something downloaded quickly when their broadband is too slow or down.
This can be done using an Android app called PPP Widget. Just as the name suggests, it is a widget, not an app. It is available for free in the Play Store. You can download it to your device from here.
Superfast File Transfer Between Two Devices
There are various methods of transferring files between devices like Bluetooth, Hot Knot, Xender/flash share etc. However there are often complications when using some of these methods. One of safest ways to share files between two Android devices is sharing it via OTG.
You can make a direct connection between the two Android phones/tablets and transfer files between Android via USB OTG.
Connecting A Keyboard To Your Android Device
A USB keyboard can be connected to your Android Device using a USB OTG cable, touch inside a text input area to start typing using the keyboard.
The on-screen keyboard is hidden when a physical keyboard is connected.
Some of the key combinations that perform actions on Windows also function on a phone/tablet, in most apps. For example, you can Cut using (Ctrl + X), Copy using (Ctrl + C), and Paste using (Ctrl + V) on your keyboard.
Connecting A Flash Drive To Your Android Device
Certain devices like the S6 and S6 edge do not support SD card instead they come with internal storage ranging from 16GB to 128GB.
So when your storage is full you have no choice but to start deleting older files to collect new ones. However by connecting a flash drive to your Android device, you get more storage space at your disposal.
These are some of the coolest uses of an OTG cable.
You can get an OTG Cable at stores or on Konga/Jumia from N500.

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Things to consider before getting a laptop

Tips You need To buy a good and strong laptop

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