Exchange limit to be reduced from ₹4500 to ₹2000 from Nov 18
The upper limit of exchanging old ₹500 and ₹1,000 notes for new ones will be reduced from ₹4,500 to ₹2,000 from November 18, the government announced on Thursday. Earlier, the government had also announced using indelible ink mark on the customers by banks in an effort to deter repetitive exchanging of notes by the same people.