This is what you need to do right away if you have Rs 1000 or Rs 500 notes

Here are a few things you can do before it's too late:

Deposit old notes of Rs 1000 and Rs 500 in banks or post office accounts from 10th November till 30th December 2016 without any limit.

There will be a limit on withdrawal of Rs 10,0000 per day and Rs 20,000 per week. The limit will be increased in coming days.

No restriction of any kind on non-cash payments by cheques, demand drafts, debit or credit cards and electronic fund transfer.

Exchange old notes of Rs 500 or Rs 1000 at any bank, headpost office or sub post office while showing ID proof. The limit for this is Rs 4000 upto 24th November

Check out RBI notification for more details