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You Can Pay All State and Central Bills, Taxes , Penalities using Banned Rs 500 and Rs 1000 Notes

Rs 500 and Rs 1000 Notes: An employee counts Indian currency notes at a cash counter inside a bank in Kolkata

Huge and long Queues can be seen in front of every bank all over India. People are worried about the exchanging their old Indian Currency Rs 500 and Rs 1000 Notes. An Effective and easy way to change your Notes is here, and of course, it is legal too.

After the historic decision made by the Indian Prime Minister to ban Rs 500 and Rs 1000 Notes, the Government is taking various steps to avoid inconvenience to the common man. As the purpose of this ban is to demolish the fake currency and bring out the black money.

Ban on Rs 500 and Rs 1000 Notes: Pros and Cons of the Move

The government now allows people to pay fees, charges, taxes, penalty to Central & State governments including Municipalities and Local Bodies. Earlier the Central Government had exempted the toll tax all over India for two days.

Central Economic Affairs Secretary Mr. Shaktikanta Das had tweeted that “ Old 500 & 1000 notes to be accepted for payment of fees, charges, taxes, penalty to Central & State Govt including municipalities, local bodies.”

It is known that the NDA government had allowed the old banned currency of Rs.500 and Rs.1000 notes for services like petrol stations, hospitals, medicines and burial grounds.
He also mentioned that the above would be only valid until the midnight of 11-11-2016, i.e., Friday midnight.

How to Exchange Notes Rs.1000 and Rs.500 Explained in Detail

All the Banks are giving new Rs.500 and Rs.2000 notes as per RBI norms. So the situation will be back to normal within a short period.

So why wait to Pay all your bills using the banned Rs.500 and Rs.1000 notes until the mentioned time.

For More News: Techfactslive

Check out the New Rs 500 and Rs 2000 Notes Issued by RBI: Know More Details About the New Series

The speech less than an hour made the Rs 500 and Rs 1,000 notes worthless pieces of paper. Prime Minister of India, Narendra Modi has made a statement “Rs. 500 and Rs. 1,000 currency notes are illegal from November 9, 2016”. This is the historic moment in India against the Black Money.

You don’t need to panic about your money, the complete details about the exchange process of your Rs 500 and Rs 1000 notes explained here. Government is also releasing the new series of Rs 500 and Rs 2000 notes. The design of this new series notes issued by RBI is now circulating over the internet. Make a look over it.

Observance over the New Rs 2000 Note

The Reserve Bank of India will shortly release the ₹ 2000 denomination banknotes. Here are the few things you can observe on this new issued Rs 2000 note. This new series will be out with Mahatma Gandhi portrait in the center with the different way than you usual watch on the note. Governor’s signature with Promise Clause and the emblem towards the right. The rupee symbol of ₹2000 in color changing ink (Green to blue).

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For the visually impaired, there will be the Horizontal rectangle with ₹2000 in raised print on the right.  On the left side there are seven angular bleed lines and right side at the raised print.

On the Reverse of the note, you can see the year of printing of the note on the left side. The language panel can be seen on the center of the note. Swachh Bharat logo with slogan. The dimension of the banknote will be 66 mm × 166 mm.

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Observance over the New Rs 500 Note

The revised version of Rs 500 Note is going to release soon by RBI. The things you can observe on this new series note given detail here. The dimensions of the new note is 63mm x 150 mm. On the front side of the Rs 500 Note you can notice the Mahatma Gandhi portrait in the middle.

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The orientation has charge from the previous note. Governor’s signature with promise clause and the Guarantee clause along with the RBI emblem is tilted towards right. Ashoka pillar emblem on the right of the note. For the Visually impaired people, the portrait of Mahatma Gandhi is raised on the note. There are five bleed lines on left and right in raised print.

On the reverse of the note you can see Swachh Bharat logo with slogan, Language panel towards center. The year of printing mentioned on the left side of the note.

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Rumors all the way:  Rs 2000 Notes contains Nano-GPS Chips for tracking?

During this historic moment, there is a rumor flying across the social media. The notes will be embedded with the Nano-GPS Chips (NGC) and Govt. can able to track these notes. Thus the black money transactions can control.

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According to these rumors, these NGC chips are actually the ‘signal-reflectors’ and it helps to track the location of these notes, with the help of satellites. It can even track, 120 meters below the ground level and able to track the black money easily. The rumors are spreading across the social media about the NGC enabled notes which increases the curiosity in the people.new-rs-500-and-rs-2000-notes

These are the new theories and rumors on the New Rs 2000/- series notes. Untill the Government releases the official announcement regarding this information, we consider this as rumors.

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