PM Modi is addressing the nation in Hindi and then in English that the Rs 500 and Rs 1000 notes will be scrapped from midnight. They will no longer be used for any transactions and will become just papers.
Prime Minister Narendra Modi met the three chiefs of Army, Navy and Air Force to discuss recent security issues to the country. He has come to this decision following the increased corruption in our country. Rs 1.25 lakh crores of money has been found to be black money and he hence requests the co-operation of 125 crore countrymen to fight corruption.
Points to Note:
All banks will be closed for administrative purposes on the 9th of November.
ATMs will not function on 9th and 10th of November.
Rs 500 and Rs 1000 notes will function in railway stations, government hospitals and crematoriums until 11th of November.
Rs 500 and Rs 1000 notes will be invalid from midnight today. They will be illegal henceforth.
Public will have 50 days (from 10th Nov – 30 Dec) to deposit Rs 500 and Rs 1000 notes in banks or post offices.
ATMs will limit Rs 2000 everyday, initially.
The will be no change in any form of currency exchange, cheques, DD or payment via credit or debit card.
People unable to deposit Rs 500 and Rs 1000 notes by December 30, can do so until March 31st by giving a proper proof of identity.
The new Rs 500 & Rs 1000 design
RBI will soon release currency notes of higher denomination and also the new Rs 500 & Rs 2000.
The weekend is here! With the chilly weather and occasional sprinkles of rain, this is…
The city police commissioner, Shankha Batra Bagchi, inaugurated a new sports orthopedic clinic at KIMS…
Actor Samantha, who was in Visakhapatnam on Friday to celebrate the success of her recent…
Pfizer Healthcare India Private Limited, a leading multinational pharmaceutical and biotechnology company, organised a free…
The Bahubali star trio -- Prabhas, Daggupati Rana and Anushka -- springs a surprise by…
A Memorandum of Understanding (MoU) was signed between Andhra University and Andhra Pradesh Education and…