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Indian Currency: How to Exchange Your Money

Edited By: Puja Menon

News18.com

Last Updated: November 10, 2016, 14:57 IST

The Rs 500 old currency note. (File photo)

The Rs 500 old currency note. (File photo)

Here is the answer to all your questions related to money exchange

Here is the answer to all your questions related to money exchange:

* Thursday onward go to your own branch.

* Any amount can be deposited in your own bank account.

* Maximum of Rs 4,000 can be received over the counter against the deposit

* You can withdraw Rs 10,000 from your existing funds in your account in a day

* Weekly cap on withdrawals from your own account is Rs 20,000

* You can exchange money at banks where you don't have an account, showing Id proof

* If KYC norms are updated the you can deposit any amout.

* Don't panic as one has 50 days to exchange or deposit his money.

first published:November 10, 2016, 11:58 IST
last updated:November 10, 2016, 14:57 IST