As we know that The Prime Minister of India Mr. Narendra Modi has taken first step towards “Acche Din”. And as per this first step of Acche Din the existing ₹500/- and ₹1000/- notes were demonetized from midnight 8th November 2016 and new notes of ₹500 and ₹2000 were released.
So all those people who has old notes of ₹500/- and ₹1000/- should exchange with new one or deposit the money into bank account. Exchange of old notes with new notes can be done by visiting any nearby bank branch or Post Office by carrying Identity Proof, and as an identity proof to exchange money you can use your Aadhaar Card.
So below we will guide you throughout the process on How to Exchange Old Notes of ₹1000 & ₹500 with Aadhaar Card.
Step by Step Process on How to Exchange Old Notes of ₹1000 & ₹500 with Aadhaar Card
If you have Aadhaar Card with you then you can exchange your old notes of ₹1000 and ₹500 with new notes by visiting any nearest bank or Post Office very quickly.
As Aadhaar is accepted as Proof of Identity and Proof of Address, it is better option to produce it while exchanging old currency with new currency. If you don’t have Aadhar then you can produce other Identity Proof and Address Proof like Bank Passbook with Photo, PAN Card, Driving License, and Passport.
With Photocopy of Aadhaar Card or Identity Proof you will also have to fill in form Request Slip for exchange of Old High Denomination Bank Notes in denominations of ₹500/- and ₹1000/- and submit it to bank official.
You can download Request Slip for exchange of Old High Denomination Bank Notes in denominations of ₹500/- and ₹1000/- by clicking here.
This scheme to exchange old currency with new one closes on 30th December 2016, but those who are unable to exchange their Old High Denominations on or before 30th December 2016 an opportunity will be given to them to do at specified offices of the RBI, along with necessary documentation as may be specified by the RBI.