In short :-
1 ) Deposit all old notes ( WITHOUT ANY LIMIT )in your Bank account /Post Office account. - Get full credit . Write cheques, buy drafts , make NEFT etc ( BUT the cash would come in to the Banking system with your KYC - PAN / Aadhar )
2 ) Exchange of old notes for new / valid notes would be only for Rs.4000
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How our New Rs. 500 and Rs. 2000 Notes look .