All that everyone seems to be talking these days is about banks and ATMS. How to exchange the Rs 1000, Rs 500 notes and how to withdraw the new currency. It is impossible for you to have missed seeing the lines either outside ATMs or at least in pictures.

Many are postponing their visits to the banks fearing the long queues of people who are desperately trying to withdraw money. But you are among the lucky ones if you have been able to gather some notes of Rs 100 and postpone that trip to the bank.

Here are a few things you might want to know before getting that cash out.

1) A few months back, the banks had decided to levy a surcharge on the use of ATMs beyond 5 transactions. However, with the PM’s decision, the surcharge has been waived till further orders.

2) Charges levied to deposit cash into one’s accounts have also been waived for now

3) It will take some time for the ATM operations to normalise. For now, cash will only be dispensed in the denomination of Rs 100.

4) The ATMs will not allow you to enter an amount beyond Rs 2000. If you need more money, you can approach the bank

5) Even in the banks, you can withdraw Rs 10,000 per day and a maximum of Rs 20,000 per week.

6) But when exchanging notes, you can take back only Rs 4,000 in cash

7) For public convenience, banks will remain open on coming Saturday and Sunday

The scheme to exchange the old currency closes on December 30, 2016. Those who are unable to exchange their notes by then will be able to do so at some RBI offices.

Also Read: Here is your point by point guide on what to do with your old Rs 1000, 500 notes

The RBI has also set up control rooms to help people make the transition. RBI’s helpline numbers are 022 22602201/022 22602944.