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In Pics: People throng banks to withdraw new high-denomination currency

As banks are open on Thursday and people thronged at bank's counter to exchange notes of Rs 500 and Rs 1000, learn how you can deposit or withdraw old currency from banks.

Neha Singh

10 Nov 2016 10:39 IST

Updated On 10 Nov 2016 10:49 IST

New Update

With the Reserve Bank of India has rolled out the new high-denomination currency notes, people have queued up outside banks to withdraw money.

People across the country are thronging bank branches to get the new Rs 500 and Rs 1,000 currency notes a day after the Centre shut all the banks to smoothen the transition process. All you need to know about Withdrawal, deposits and ATMs:

People queue up at a bank (place name) to withdraw cash.

The government has capped the withdrawal limit. Customers can withdraw Rs 4000 from ATMâ€™s and Rs 10000 in a day from bank counters. Customers can withdraw the maximum amount of Rs 20,000 in a week.

A customer intending to withdraw money from bank has been advised to carry his ID proof. Customers can also withdraw money through cheques.

Anticipating a jump in footfalls to deposit or withdraw cash following the demonetisation of Rs 500 and 1,000 banknotes, banks will remain open this Saturday and Sunday.

RBI 500 rs note