Deposit old notes of Rs 500 and 1000 in banks or post offices between November 10 and December 30, 2016.
Those who are unable to, can exchange notes till March 31, 2017 at specified RBI offices after furnishing proper declaration.
There will be an initial limit of Rs 10,000 per day and Rs 20,000 per week on withdrawal of money. This limit is to be increased soon.
Arrangements have been made at airports so that travellers entering/leaving the country are not inconvenienced.
No restriction on non-cash payments including transactions by cheques, demand drafts, electronic fund transfers, debit and credit cards.