Here are the steps taken by government to make this transition as smooth as possible, says the prime minister
1. People holding old notes can deposit these notes to bank and post offices from 10 November - 30 December. And there is no limit on the amount that a customer can deposit.
2. There is a limit imposed on all card withdrawals - Rs 2,000 daily and which will be later increased to Rs 4,000 daily.
3. Notes of Rs 2000 and Rs 500 will be circulated soon, RBI has decided to limit the notes with higher value
Original post found in firstpost.com
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