Can I exchange demonetized notes?

“There is no possibility of exchange of currency since as per the RBI guidelines, the last date was March 31, 2017. It is no more a legal tender as per the Government of India,” he said.

How do you exchange a torn Indian currency?

The Reserve Bank of India rule also states that if the currency notes are torn into several pieces, they can be used and even if any part of the torn note is missing, it can be replaced. Normal mutilated notes can be exchanged at any of the bank branch counters or any RBI office.

Are old 500 notes still accepted in Kenya?

The older KSh. 200 and KSh. 500 notes will continue to circulate and be legal tender after October 1.

Where can I sell old Indian notes?

If you also own such notes or coins, you can also rake in real cash real quick. In one such case, an old Rs 1 note is selling for lakhs of rupees on online classifieds platforms such as Olx, Quikr and IndiaMart.

Can you exchange damaged money?

If it is damaged but not mutilated and you do not want to use that currency for any reason, you can exchange that money at your local bank. Money that has been mutilated or extensively damaged beyond repair or use should be submitted to the US Bureau of Engraving and Printing or the US Mint.

Can I still exchange old 1000 notes Kenya 2021?

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

Do banks accept burnt money?

What is the value of 786 note?

One such attribute that collectors look for is the number ‘786’ in the serial number on currency notes. These three digits appearing in this specific order can appreciate the note’s value to as high as ₹3 lakh. The number 786 is considered auspicious among followers if Islam.

Can I exchange my old INR 500 and 1000 notes?

Given the current situation, only if Supreme Court opens the window for exchanging of old notes, or Govt gives a rethink on it, you may then exchange it, the probability of both of them remains very remote. Originally Answered: I have some 500 and 1000 INR notes which the government declared void.

Do NRI’s need to change 500 and 1000 rupee notes?

It is likely that most NRI’s have some old 500 and 1000 rupee notes which are no longer considered legal tender. Most NRI’s prefer to keep small amounts of Indian currency to meet their immediate expenses when they arrive in India. Here are some of the things you could do to change 500 and 1000 rupee notes.

Can I exchange 500 rupees in India now?

So, you have to wait for the court’s ruling. According to the Reserve Bank of India, the Indians cannot exchange 500 notes after 30 Dec 2016 but if you are a Non-Residential Indian (NRI), then you can exchange 1000 & 500 notes from till June 30,2017. You can not exchange now. Time is over.

Why is the availability of 500 rupees in the market limited?

Every note/ coin with drawn by the government increases in value. In case of 500 rupees majority of them is returned to the government. Hence the availability of 500 rupees in the market will be very very less. Ah you must be wondering who needs them?