Frequent question: What can I do with old rupee notes?

Can I exchange old notes now 2020?

Exchanging old notes

You need not visit the branch of the bank where you have an account in. If you want to exchange up to Rs 4,000 in cash, you can simply go to any bank with a valid ID proof. This limit of Rs 4,000 for exchanging old notes will be reviewed after 15 days.

Can I exchange old notes in 2021?

It’s out with the old, in with the new and the Bank of England are withdrawing the paper notes from circulation. This means that you’ll have to spend them or exchange the notes before the end date, otherwise you won’t be able to use them as legal currency.

Can I exchange old 1000 notes now 2020?

In all this, remember that the older generation KSh 1,000 banknotes are NOT legal tender, and cannot be exchanged under any circumstances.

What can I do with old Indian currency?

If you have old currency notes in India, you may authorise in writing enabling another person in India to deposit the notes into your bank account. The person you authorise has to come to the bank branch with the old notes, the authority letter given by you and a valid identity proof.

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Where can I exchange old currency?

Exchanging old notes

You need not visit the branch of the bank where you have an account in. If you want to exchange up to Rs 4,000 in cash, you can simply go to any bank with a valid ID proof. This limit of Rs 4,000 for exchanging old notes will be reviewed after 15 days.

Will banks take old notes?

If you have a UK bank account, the simplest and quickest way to exchange your notes will normally be to deposit them with your bank. The Post Office Opens in a new window may also accept withdrawn notes as payment for goods and services, or as a deposit into any bank account you can access with them.

Are old 20 notes still legal?

Paper £20 notes go out of circulation on Wednesday, September 30, 2022. Until then, you can still use the old £20 notes as they are accepted as legal tender. If you’re looking to exchange any old notes, The Bank of England website has further information. … And, you can always exchange withdrawn notes with us.

Can I use old 20 notes in shops?

The Bank of England has announced that the old notes will go out of circulation on 30 September 2022. This mean you will not be able to use the notes in shops, but you will be able to exchange them for new notes. Some banks and the Post Office may also accept them if you wish to deposit them into your bank account.

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How do I exchange old notes?

All these notes can be exchanged at the counters of any public sector bank branch, any currency chest branch of a private sector bank or any Issue Office of the Reserve Bank of India. There is no need to fill any form for doing this.

Can I exchange old 500 rupee note now?

The old currency notes of Rs 500 and Rs 1000 can now only be exchanged at the offices of the Central banks. … A valid identity proof is required for the exchange of the old currency.

How can I sell my old Indian notes?

You can sell unique and old currency notes online on eBay. The website also allows the sellers to talk to buyers about the old, rare notes which they want to sell and for how much. It is to be noted that an old note of the 786 series can help you earn a huge amount on the eBay website.

What is the value of old 500 rupees note?

The old 500 rupee notes have been categorized as ‘rare Indian currency’. You must have read ‘cash for gold’, but how about ‘cash for cash’? Well, turns out if you are in possession of the old Rs 500 note, you can fetch up to Rs 10,000 without having to do anything except a few clicks here and there.