Can I exchange old 500 notes now?
Can I exchange old 500 notes 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.
What is the number of 500 rupee notes in the economy before Demonetisation?
In terms of volume, the report stated that 24% (around 22.03 billion) of the total 9026.6 crore (90.26 billion) banknotes in circulation were ₹500 and ₹1,000 banknotes. Before demonetisation (November 2016), there were banknotes worth ₹17.97 lakh crore (US$250 billion) in the market.
How can I sell my old 500 note?
To sell notes online, you have to go to the website oldindiancoins.com. Register as a seller and take a clear photo of your old Rs 500 note and upload it on the platform. You will be then contacted by the people who are interested in purchasing the notes after seeing your ad. Talk to them and sell the notes.
What can I do with old 500 rupee notes?
All you have to do is visit a website upload photo of your Rs 500 note that is old and rare. You will get cash upto Rs 10,000 when any buyer. As you will get a quick cash there are certain conditions which you must know before exchanging the old and rare 5 rupees note.
How many 100 are there in 100 rupees note?
As like the other Indian rupee banknotes, the ₹100 banknote has its amount written in 17 languages….Languages.
| Denominations in central level official languages (At below either ends) | |
|---|---|
| Language | ₹100 |
| English | One Hundred rupees |
| Hindi | एक सौ रुपये |
What country demonetized first?
One of the earliest instances of demonetization can be witnessed in United States where the Coinage Act of 1873 mandated removal of silver in favor of adopting the gold standard as the legal tender. This led to a contraction of the money supply and subsequently a 5-year economic depression in the country.
How to exchange and deposit old 500 and 1000 rupee notes?
In both Post office and Banks you will have to fill the Exchange or Deposit of old notes form and an ID Proff. No more than Rs. 4,500 can be exchanged. (Till 17th November 2016) So, if you are in possession of these Rs. 500 and Rs. 1000 currency notes, have them exchanged or deposited right away else, you may have to repent.
Is the 5 rupee note still valid in India?
It has been… On this previous version of the 5 Indian Rupees banknote, there is no year of issue on the back side. This old 5 rupees note is no longer a valid means of payme… The State Emblem of India, the Ashoka, featuring three lions, is on the right side on the front of this 100 Indian rupees banknote. The back side shows scenes o…
Is the rupee 1000 still in circulation in India?
At Leftover Currency we continue to exchange Indian rupee 500 and 1000 banknotes, at a rate that covers their collectable value. In addition to the 500 and 1000 rupees, the Mumbai-based Reserve Bank of India has decided to withdraw all pre-2005 Indian Rupee notes.
What kind of money is 5 rupees worth?
India 5 Rupees Currency Banknote 1957 CU India 5 Rupees Currency Banknote 1957 CU This is a SCARCE HIGH GRADE Currency Banknote from India. This Indian Banknote was issued by the Reserve Bank of India for 5 Rupees in 1957. The Note features a Vignette of the Asoka Column on the obverse and a Vignette of a Tiger on the reverse.