Frequent question: What can I do with old Indian currency notes?

What should I do if I have currency in Rs 500 and Rs 1,000 notes? You can deposit these notes into your bank accounts or they can be exchanged at bank branches till 30th December 2016. Bank notes of the combined value of Rs 4,000 only can be exchanged. Similar facilities will also be made available at Post Offices.

Can we still exchange old Indian currency in 2020?

If you want to exchange up to Rs 4,000 in cash, you can simply go to any bank with a valid ID proof. This limit of Rs 4,000 for exchanging old notes will be reviewed after 15 days. … The representative will be required to produce an authority letter, along with his valid ID proof while exchanging old notes.

How can I sell my old Indian currency notes?

Old coins and notes are now sold/auctioned on multiple online platforms like OLX, Quikr, eBay, IndiaMart, Coinbazaar.in. If you have a hobby of collecting old coins and notes then you have a good chance to earn lakhs of rupees by sitting at home.

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What can I do with old Indian currency?

The Indians who still have the old Rs 500 and Rs 1000 notes can get them deposited in their bank account or the post office saving accounts or exchange them for new currency at the offices of the Central Bank.

Can I exchange old notes in 2021?

The Bank of England are withdrawing the paper notes from circulation, following the release of the new £20 and new £50 notes in 2020 and 2021. This means that you’ll have to spend them or exchange the notes before the end date, otherwise you won’t be able to use them as legal currency.

Who can accept old notes?

Chemists, Archaeological Survey of India monuments counters, LPG distributors and railway caterers will also be accepting payments in Rs 500 and Rs 1,000 notes. All banks will remain open on this Saturday and Sunday to facilitate exchange and deposit of old notes.

What happens if you find old 500 notes?

If you have the note, you should check its serial number. If the serial number has been printed twice, and if it isn’t, you can get up to Rs 5,000 for it. If any particular edge of a 500 rupee note is larger than usual, you can get Rs 10,000 for it.

How do I sell old Indian currency notes on eBay?

You can visit Ebay, Click India etc. Step 2: For selling the note online in an auction, you have to click the photo of the currency note having 12345 or 123456 digits on it. Step 3: Register yourself as a seller on the bidding website. Step 4: Upload the photo of the notes on the website.

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How can I sell my 786 no note?

Step 1: Go to www.ebay.com. Step 2: Click on the registration tab on the homepage and register yourself as a seller. Step 3: Take a clear, good quality picture of the note you intend to sell and upload it on the platform. eBay will show your listing to buyers on the lookout for such a note.

Where can I exchange old foreign currency?

Your bank or credit union is almost always the best place to exchange currency.

  • Before your trip, exchange money at your bank or credit union.
  • Once you’re abroad, use your financial institution’s ATMs, if possible.
  • After you’re home, see if your bank or credit union will buy back the foreign currency.

How do you value old currency?

Multiply the weight of the coin by the percentage “fineness” of the coin (the percentage of the coin that is gold or silver). This will establish how much of the precious metal you have to sell. Multiply the result of the first calculation by the current price of the precious metal in the coin.

Can we deposit old 50 notes in bank now?

Though the old £50 notes officially expire at the end of September, you can exchange your paper one for a new polymer one after this date. … “The Post Office may also accept withdrawn notes as payment for goods and services, or as a deposit into any bank account you can access with them,” states the Bank of England.

Can you deposit old 20 notes cash machine?

From October onwards, these notes will no longer be legal tender—meaning businesses will not be able to accept them. The Bank of England has advised people to either spend their old notes or deposit them before 30 September to ensure they don’t go to waste.

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Does old currency have value?

If you have notes of Indian currency with certain features, then you have the chance to earn anywhere from Rs 1 lakh to Rs 5 lakh as some currency notes and old coins are considered very valuable for some special reasons and they have more value.

Can I pay old bank notes into my account?

If you have a UK bank account, the simplest and quickest way to exchange your notes will normally be to deposit them with your bank. The Post Office Opens in a new window may also accept withdrawn notes as payment for goods and services, or as a deposit into any bank account you can access with them.