Demonetization :
Bank Notes of denomination Rs. 500 and Rs. 1000 (hereinafter referred to as Specified Bank Notes(SBN)) ceased to exist as legal tender effective November 09, 2016, vide Official Gazette Notification No. 2652 (hereinafter breferred to as The Notification) dated from November 08, 2016. These notes could be exchanged for a value at any of the 19 Reserve Bank of India offices, any bank branches or any Head Post Office and Sub Post Office subject to limits specified as per the Notification and Press Release: 2016-2017/1142. Detailed Guidelines in this regard are given in the Appendix XII Demonetization to the Guidance Note.