Central Government after demonetization of existing higher denomination Indian Currency Notes Rs.500/- and Rs.1000/- from mid-night of 8th November, 2016, replaced with new currency notes in the market.
Those people who are having these notes can exchange with new denomination of Rs.2000/- or existing Rs.100/- or New Rs.500/- notes from banks by submitting Exchange form providing valid ID proof documents.

There are chances that you may not get printed forms which are necessary to exchange your notes or you can save time to fill them by standing-in bank / queue by printing and filling the currency exchange form pdf file.
So simple suggestion is to take printout of above PDF, fill in advance at home and then approach bank.

Note: Daily withdrawal limit of Rs.10000/- (Rs.2,0000/- per week) cap is removed and increased the cap of withdrawal of cash from ATMs @ Rs.2500/- per day maximum of Rs.24000/- per Week instead of Rs.2000/- per day.

Valid Identity proof is any of the following :
Aadhaar Card, Driving License, Voter ID Card, Pass Port, NREGA Card [National Rural Employment Guarantee Card], PAN Card, Identity Card Issued by Government Department, Public Sector Unit to its Staff

Option 1 : Exchange old notes
At a time you can exchange 4500 Rs only, i.e. four 1000 Rs notes and One 500 or 9 500 Rs notes or combination of them to maximum 4500 Rs. per day

Option 2 : Deposit old notes to your bank account
No limit for value or quantity of old bank notes to be credited to the bank account maintained by that person (KYC norms must be complete for the bank account)

Take printout of exchange of old currency notes (Download notes exchange slip form here)
Carry approved identity proof in case you are not visiting home branch of your bank account
(Click here to refer to Frequently Asked Question on Reserve Bank of India RBI website for details …)

Read complete circular from RBI for Withdrawal of Legal Tender Character of existing ` 500/- and ` 1000/- Bank Notes

In case of any difficulty You may approach the control room of RBI by   email or on Telephone Nos 022 22602201/022 22602944
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