The government on Tuesday night announced that Rs 500 and Rs 1,000 will be no longer legal tender after November 8, midnight. Here are the details you need to know:

RESERVE BANK OF INDIA
(from m.rbi.org.in)
Frequently Asked Questions

Frequently Asked Questions (FAQs) on Withdrawal of Legal Tender Character of the Old High Denomination Bank Notes

1. Why is this scheme?

The incidence of fake Indian currency notes in higher denomination has increased. For ordinary persons, the fake notes look similar to genuine notes, even though no security feature has been copied. The fake notes are used for antinational and illegal activities. High denomination notes have been misused by terrorists and for hoarding black money. India remains a cash based economy hence the circulation of Fake Indian Currency Notes continues to be a menace. In order to contain the rising incidence of fake notes and black money, the scheme to withdraw has been introduced.

2. What is this scheme?

The legal tender character of the notes in denominations of ₹ 500 and ₹ 1000 stands withdrawn. In consequence thereof withdrawn old high denomination (OHD) notes cannot be used for transacting business and/or store of value for future usage. The OHD notes can be exchanged for value at any of the 19 offices of the Reserve Bank of India or at any of the bank branches or at any Head Post Office or Sub-Post Office.

3. How much value will I get?

You will get value for the entire volume of notes tendered at the bank branches / RBI offices.

4. Can I get all in cash?

No. You will get upto ₹4000 per person in cash irrespective of the size of tender and anything over and above that will be receivable by way of credit to bank account.

5. Why I cannot get the entire amount in cash when I have surrendered everything in cash?

The Scheme of withdrawal of old high denomination(OHD) notes does not provide for it, given its objectives.

6. ₹4000 cash is insufficient for my need. What to do?

You can use balances in bank accounts to pay for other requirements by cheque or through electronic means of payments such as Internet banking, mobile wallets, IMPS, credit/debit cards etc.

7. What if I don’t have any bank account?

You can always open a bank account by approaching a bank branch with necessary documents required for fulfilling the KYC requirements.

8. What if, if I have only JDY account?

A JDY account holder can avail the exchange facility subject to the caps and other laid down limits in accord with norms and procedures.

9. Where can I go to exchange the notes?

The exchange facility is available at all Issue Offices of RBI and branches of commercial banks/RRBS/UCBs/State Co-op banks or at any Head Post Office or Sub-Post Office.

10. Need I go to my bank branch only?

For exchange upto 4000 in cash you may go to any bank branch with valid identity proof.

For exchange over 4000, which will be accorded through credit to Bank account only, you may go to the branch where you have an account or to any other branch of the same bank.

In case you want to go to a branch of any other bank where you are not maintaining an account, you will have to furnish valid identity proof and bank account details required for electronic fund transfer to your account.

11. Can I go to any branch of my bank?

Yes you can go to any branch of your bank.

12. Can I go to any branch of any other bank?

Yes, you can go to any branch of any other bank. In that case you have to furnish valid identity proof for exchange in cash; both valid identity proof and bank account details will be required for electronic fund transfer in case the amount to be exchanged exceeds ₹4000.

13. I have no account but my relative / friend has an account, can I get my notes exchanged into that account?

Yes, you can do that if the account holder relative/friend etc gives you permission in writing. While exchanging, you should provide to the bank, evidence of permission given by the account holder and your valid identity proof.

14. Should I go to bank personally or can I send the notes through my representative?

Personal visit to the branch is preferable. In case it is not possible for you to visit the branch you may send your representative with an express mandate i.e. a written authorisation. The representative should produce authority letter and his / her valid identity proof while tendering the notes.

15. Can I withdraw from ATM?

It may take a while for the banks to recalibrate their ATMs. Once the ATMs are functional, you can withdraw from ATMs upto a maximum of ₹2,000/- per card per day upto 18th November, 2016. The limit will be raised to ₹4000/- per day per card from 19th November 2016 onwards.

16. Can I withdraw cash against cheque?

Yes, you can withdraw cash against withdrawal slip or cheque subject to ceiling of ₹10,000/- in a day within an overall limit of ₹20,000/- in a week (including withdrawals from ATMs) for the first fortnight i.e. upto 24th November 2016.

17. Can I deposit withdrawn notes through ATMs, Cash Deposit Machine or cash Recycler?

Yes, OHD notes can be deposited in Cash Deposits machines / Cash Recyclers.

18. Can I make use of electronic (NEFT/RTGS /IMPS/ Internet Banking / Mobile banking etc.) mode?

You can use NEFT/RTGS/IMPS/Internet Banking/Mobile Banking or any other electronic/ non-cash mode of payment.

19. How much time do I have to exchange the notes?

The scheme closes on 30th December 2016. The OHD banknotes can be exchanged at branches of commercial banks, Regional Rural Banks, Urban Cooperative banks, State Cooperative Banks and RBI till 30th December 2016.

For those who are unable to exchange their Old High Denomination Banknotes on or before December 30, 2016, an opportunity will be given to them to do so at specified offices of the RBI, along with necessary documentation as may be specified by the Reserve Bank of India.

20. I am right now not in India, what should I do?

If you have OHD banknotes in India, you may authorise in writing enabling another person in India to deposit the notes into your bank account. The person so authorised has to come to the bank branch with the OHD banknotes, the authority letter given by you and a valid identity proof (Valid Identity proof is any of the following: Aadhaar Card, Driving License, Voter ID Card, Pass Port, NREGA Card, PAN Card, Identity Card Issued by Government Department, Public Sector Unit to its Staff)

21. I am an NRI and hold NRO account, can the exchange value be deposited in my account?

Yes, you can deposit the OHD banknotes to your NRO account.

22. I am a foreign tourist, I have these notes. What should I do?

You can purchase foreign exchange equivalent to ₹5000 using these OHD notes at airport exchange counters within 72 hours after the notification, provided you present proof of purchasing the OHD notes.

23. I have emergency needs of cash (hospitalisation, travel, life saving medicines) then what I should do?

You can use the OHD notes for paying for your hospitalisation charges at government hospitals, for purchasing bus tickets at government bus stands for travel by state government or state PSU buses, train tickets at railway stations, and air tickets at airports, within 72 hours after the notification.

24. What is proof of identity?

Valid Identity proof is any of the following: Aadhaar Card, Driving License, Voter ID Card, Pass Port, NREGA Card, PAN Card, Identity Card Issued by Government Department, Public Sector Unit to its Staff.

25. Where can I get more information on this scheme?

Further information is available at our website (www.rbi.org.in) and GoI website (www.rbi.org.in)

26. If I have a problem, whom should I approach?

You may approach the control room of RBI byemail or on Telephone Nos 022 22602201/022 22602944

Think Different

*Layman's Thinking*

An engineer in a car manufacturing company designs a world class car. The owner is impressed with the outcome and praised him a lot. While trying to bring out the car from the manufacturing area to the office, they realised that the car is few inches taller than the entrance.
The engineer felt bad that he didn't notice this before creating the car. The owner was baffled on how to take it outside of the manufacturing area.
The painter said that they can bring out the car and there will be a few scratches on top of the car, and that he will do the tinkering later on.
The engineer said that they can break the entrance and after taking the car out, they can remake it.
The owner was not convinced with any idea and felt like it is a bad sign to break or scratch.
The watchman was watching all the drama and slowly approached the owner. He wanted to give an idea if they had no problem. They wondered what this guy would tell them that the experts could not.
The watchman said that the car is only a few inches taller than the entrance, so if they release the air in the tyres, the height of the car will be adjusted and can be easily taken out.
Everyone clapped!!

*Lesson:*
Don't encounter problems from the expert point of view. There is always a layman's point that will give the best solution in a given point of time.

Life issues are also the same. Many a time, a friend's entrance door falls short by a few inches, and we feel taller!
Release some air (ego) and adjust the height.
Think  simple. Do simple. Live simple.

5 things mentally strong people do

Can you say NO confidently?

Mentally strong individuals are aware that saying NO is actually healthy, thereby protecting their self-esteem.

When you are an entrepreneur or hold a senior position in a company, you need emotional and mental balance to be successful.

All of us go through hardships, face rejection, get stuck in boring jobs and face personal hurdles in life. Such situations test your emotional well-being and your true strength lies in successfully cruising through them.

So, if you are feeling a bit low and are in search of motivation, observe how mentally strong people handle challenges in their own lives.

Here are a few things they do on a regular basis which keep them sane and strong:

1. They welcome change

Mentally tough people don't hesitate to embrace change.

They welcome it with positivity and optimism. The worst thing that can happen to you is not having any change.

Many times, change can be an opportunity to step up in life.

When you are doing the same thing over and over again, the results won't be any different. You should be willing to adapt to change with an open mind.

2. They say NO with confidence

When a senior at work asks you something, it is easier to say Yes than to say No.

Saying yes seems more positive, pleasing and spontaneous. But research conducted by the University of California suggests that people who find it difficult to say no experience burnout, stress and, sometimes, depression.

On the other hand, mentally strong individuals are aware that saying no is actually healthy, thereby protecting their self-esteem.

All you need to be is polite, yet stern.

If you say things like 'I'm not certain' or 'I don't think I can do this,' it only makes it very ambiguous. Rather, say no with confidence and experience a sense of liberation.

3. They don't overthink

Mentally strong individuals don't over-analyse every situation, trying to find a meaning behind it.

They do not feel the need to control every little thing.

They don't complain, worry or keep wishing for things that are too difficult to achieve.

It is only a waste of energy. Instead, when you invest in things you can control, you will feel prepared for what life throws at you.

For example, if an employee or co-worker is behaving in a certain way, don't fret about things that made them so. Instead, focus on your productivity or project and try to do a good job.

4. They focus on themselves

Warren Buffet said, 'The best investment you can make is in yourself.'

There are so many reports and articles which suggest that good nourishment through food and exercises like yoga or running are what successful people follow religiously.

These lifestyle habits can reduce stress, improve memory, clear up vision and improve your cognitive abilities.

You can also see that their self-confidence is much higher; so are their social skills, confidence and attention span.

5. They are not envious

When mentally strong individuals hear about a friend's promotion or a family member's achievement, they know that these don't define their own lives or their achievements.

They don't compare themselves with anyone and they are sporting about criticism.

Like personal habits, mental well-being can also be cultivated by relentlessly practising it. And, before you know it, people will start looking up to you.

10 Powerful Ways to Remove the Negativity From Your Life

10 Powerful Ways to Remove the Negativity From Your Life

 

We’ve all experienced negativity in our lives at one point or another. We talk to that one friend or family member that always manages to make us feel down, even though we were in a great mood beforehand. We’ve had that feeling of dread when we have to go somewhere negative people are (maybe work or to a relative’s house).

The good news is that you don’t have to allow negativity to rule your life! You can take the reins and find ways to help eliminate negativity in your life. Check out our 10 favorite, powerful ways that you can begin abolishing negativity from your life TODAY!

Minimize All Toxic Relationships – If you have someone in your life who makes you feel bad about yourself, what you like, what you do, and what you aspire to do (and we all have at least one person who does this), that person has a toxic relationship with you. The best strategy is to remove this person altogether from your life, but if you find that you can’t, then simply minimize your time around that person and spend time nurturing healthier and happier relationships instead.

Think Positive Thoughts – After removing the negative people in your life, you should focus on removing the negativity that lurks in your mind. Remember that you are the master of your own destiny. Follow the Law of Attraction and eliminate those pesky, negative thoughts right away. Whenever you allow yourself to think negative things, more negative things will happen to you. Instead, allow positive thoughts to flood your mind, and you’ll find that more and more positive things will enter into your life. It’s that simple!

Surround Yourself With Positive People – It’s not enough to simply think positive thoughts. You must find others who have positive outlooks on life and are energetic and support what you do. These people should make you feel more empowered and give you confidence in all your endeavors. You’ll find that life becomes much brighter when you have positive people surrounding you.

Channel Positivity In Your Body and Force Negativity Out – Physical activity is something that we as a people in general take for granted or see as a punishment. Meditation – be it yoga, deep breathing, alone time, or time spent in prayer – can help us relax and clear our minds, bringing in new energy and positive vibes. On the other hand, working out can help us burn off the anxiety, anger, and negativity that continue to plague us. The next time you feel negativity trying to pull you down, go for a run, walk, or bike ride, play tennis, swim – do SOME physical activity to help diminish the negativity.

Do What You Love, Love what You Do (and Where You Do It) – Sometimes we may not have much of a choice in this area, especially in today’s economy; however, working in a poisonous environment full of negative people can really wear us down quickly. Furthermore, it’s imperative to do the things that you thoroughly enjoy in life. Doing activities that you love will help you feel more positive and zealous about life. If you find that you’re not enjoying your work or if your workplace has become too toxic, we encourage you to seek a new job, whether it’s within a different department in your company or with a different company altogether.

Don’t Worry About What People Might Say – Have you ever found yourself wanting to accomplish a certain goal but hold off doing it because you fear others could think poorly about you? Maybe you want to publish a novel or you want to visit a different country, but you find yourself paralyzed because you think, “What would my mother/sister/best friend, etc. think?” Just remember, it’s YOUR life, not theirs! You must keep in mind that it’s impossible to please everyone and that YOUR happiness is what truly matters. So if you want to publish that novel, go for it! Don’t let the naysayers slow you down.

Stop That Complaining – Everyone complains every now and then about work, about friends and loved ones, or about life in general. It’s human to do so. But keep in mind that complaining puts us in a place to continue making excuses and being negative. Stop immediately the next time you begin complaining. Think of how to fix your problems, and remember to always be grateful for what you have in your life. You’re more fortunate than many others.

Take “What If?” Out of Your Vocabulary – Anxieties are part of our lives, but that doesn’t mean you should let them rule yours! Fears can impair our ability to move forward or accomplish the goals we set for ourselves. One of the easiest ways anxiety and negativity can latch onto us is when we ask ourselves, “What if?” You may ask yourself, “What if I get sick during the meeting? What if our plane to Japan goes down? What if I mess up in front of everyone and look like a fool?” Here’s a new strategy for you – every time you start thinking “what if?”, think “So what?” instead. Don’t let negativity and anxieties hold you back from your goals and passions!

Love Where You Live – Have you ever longed to live somewhere else, somewhere inspirational that fills you up with positive energy? Do you currently live in a negative community that you dread to go home to every night after work? Not everyone may be able to do this, but if you can, try to move to that place that will help you stay positive. Do remember, though, that every place has its pros and cons.

Give Back – What’s better than giving back? Nothing, that’s what! Give back to your community. Do some charity work, or volunteer at your church or in the local animal shelter. You’ll find that giving of yourself helps you become a happier, more positive person!

Remember, positivity begets more positivity, so be sure to do all that you can to banish negativity from your life! For more tips or to answer any questions you may have, don’t hesitate to contact us here
www.princesharma.com

Wake Up Parents

About Me

A Focused in moving businessman forward through thought leadership and hard work.

He has always been engaged with entrepreneurial organizations to grow the business through innovative ways by listening more to clients and educating himself.

He is a Successful serial entrepreneur with ability to develop visionary ‘next-level’ ideas and deliver to marketplace while meeting end-user needs with precision timing. 

Solid background of thorough product and marketplace knowledge developed around strategic observations and business intelligence. 

Experience with all aspects of operations including human resource management, organizational process development and infrastructure expansion geared towards driving growth and revenues for profitability.

He always looking for talented, fearless people who want to be a part of something bigger than themselves. Let's connect and see if there's synergy!

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