Here is what you can do with the Rs 500 and Rs 1,000 notes in your possession, and get rid of these notes legally:

Get them changed at the bank or the post office until 50 days from now. You can only exchange these notes from November 10 to December 30.Carry your Pan Card and Aadhaar card when you go to the above mentioned places to exchange your notes.Your notes can, however, be exchanged after December 30 at the Reserve Bank of India with a declaration.Tourists are allowed to change their notes at the airports