Rediff.com« Back to articlePrint this article

This chat is over now: How will the ban on Rs 500 and Rs 1000 notes affect you?

Last updated on: November 09, 2016 14:00 IST

We will post the chat transcript tomorrow morning. 


Investment advisor Anil Rego will answer  your queries on the ban on Rs 500 and Rs 1000 notes and how you should negotiate your expenditure, withdrawals and deposits till December 31 or till restrictions on withdrawals and deposits are lifted.

Join Anil between 2 pm and 3 pm for an online chat today.

Chat@2: How will the Rs 500 and Rs 1000 notes ban affect you?

Instead of panicking, keep your calm, is what money experts are saying as people began queuing up outside bank ATMs on the night of November 8, even as Prime Minister Narendra Modi announced his government's decision to demonetise Rs 500 and Rs 1000 notes to curb the menace of black money or unaccounted wealth.

As the banks and ATMs will remain closed today for removing the old stock of these notes out of the system and replenish them with Rs 10, Rs 20, Rs 50, 100, Rs 500 and Rs 2,000 notes (the latter two will make a fresh debut and will be different in look and feel from the older Rs 500 and Rs 1000 notes), there is likely to be panic and chaos outside ATMs and bank branches as they queue up to exchange their older notes.

Investment advisor Anil Rego

But then, how will this abolition of Rs 500 and Rs 1000 notes affect you?

Investment advisor Anil Rego will answer your queries on the ban on these notes and how it will affect your withdrawals from ATMs and bank deposits in an online chat between 2 pm and 3 pm on November 9, 2016.

Click on the Red Button above or click HERE, to ask your questions.

About Anil Rego

Anil Rego is the Founder & CEO of Right Horizons, an end-to-end investment advisory and wealth management firm with multi-metro presence.