The conversation between human and AI assistant.
How do I convert old Rs 500 and Rs 1000 notes into new with paying huge amount of tax?
Okay, that's good to know. Is there any other way to convert the old notes besides depositing them into my account?
Yes, you can also exchange your old notes for new ones at designated RBI offices. However, this is only possible if you are an Indian citizen and you have a valid ID proof. The limit for exchanging old notes is Rs 4,000 per person.