10 things you must know about cash withdrawal/deposit/old notes


1. Where can you withdraw cash

Rs 2000 At petrol pumps, Big Bazaar, apart from banks/ATMS

You can withdraw Rs 2,500 at 82,000 reworked ATMs

2. Book online/pay online to save money

service tax waived on train ticket bookings

no transaction charge on debit card payment

no extra charges for mobile banking

3. E-wallet limit doubled

RBI has doubled e-wallet limit to Rs 20,000 from Rs 10,000

4.  Toll/parking fees waived

Parking at airports has been made free

Toll on National Highways has been waived

5 How much can you withdraw/deposit /exchange normally

•        Rs 2,000 from ATM
•        Rs 2,500 from recalibrated ATM
•        Rs 2000 from select ATMS
•        Can deposit as much as you want, above Rs 2.5 lakh you have to give PAN
•        Exchange old notes worth Rs 2000

6.      Rs 2.5 lakh special withdrawal for weddings
        This comes with strict conditions.
•        You can only withdraw from the closing balance you had on Nov 8
•        Such can only be paid to those who do not have accounts
•        You have to submit names of people who you will pay cash above Rs 10,000
•        Wedding has to be before Dec 30
•        You have to submit names  and ID proof of bride and groom 

7.        Special weekly withdrawal

•        Rs 50,000 per week if you have a current /overdraft/ cash credit  account
•        Rs 24.000 per week in case of savings account

8.        2 months extra to repay loans

•        If your loan repayment is due between November and Dec 31, you get 60 more days for repayment
•        Applicable for loans upto Rs 1 crore

9.        For Farmers
•         Farmers can buy seed  with old Rs 500 note 
•        Farmers will have to show IDs 
•        Seeds have to bought from state/Central  Govt bodies
•        Farmers can withdraw up to Rs 25,000/weekagainst their crop loans. 
•        Time limit to pay crop insurance premiums extended by 15 days. 

10.        Where can you use old notes

•        Buying  train/airlines/bus tickets
•        At petrol pumps
•        Paying electricity, water, bills etc and for paying all other public utility bills
•        Payments at Govt hospitals
•        For buying medicines, LPG cylinders
•        For payment at tolls
•        Court fees
•        At consumer cooperatives with ID proof