News: 500, 1000 Rupee Notes Stop in India – 500 and 1000 rupee notes banned in India and New step has taken by PM Narendra Modi Govt That Rs 500 and 1000 Notes will stop at midnight on 8 November 2016. 500 and 1000 rupee notes banned in india, but do not worry this is a good step against corruption and black money
For depositing Indian currency Note 500 and 1000 in bank, customer will show his identity card.
Most important news about Indian currency:
PM Narendra Modi Says Rs 500 And Rs 1000 Notes Being Discontinued – NDTV
Rs 500 and 1000 currency notes stand abolished from midnight: PM Modi – The Indian Express
Live: 500, 1000 rupee notes cease to be legal tender from midnight tonight: PM – The Hindu
50 Days for exchange Indian currency Note Rs 500 and Rs 1000 by Indian Bank and Indian Post Office. People can exchange currency before 50 days. Last day of exchanging Rs 500 and 1000 notes are 30 December 2016.
PM Narendra Modi announces that old notes of Rs 500 and Rs 1000 will not be valid.
This is good announcement bring black money and stop corruption.
Good News About Indian Currency:
Valid Notes and Coins of Indian Currency in November 2016
Rs 2 and
and all coins will continue to be valid.
New Currency Note Rs 2000 and Rs 500 will be introduced.
If any Indian citizen or traveler have big note, they must deposit it in any Indian bank or Indian post office before last date 30 December 2016.
#BlackMoney action Withdrawal of Rs 500, Rs 1000 notes surgical strike on black money is first step and it will goes 2 days (Banks close two days) and ATM will not work two days. Next ATM will start to work on selected place on Nov 10, people will withdrawal Rs 2000 rupees some days and next Rs 4000 withdrawal will be available then increase currency rotation.
Why India Banned Rs 500, 1000Rs Notes from Today
Because black money deposited in Switch Bank Account in Switzerland, aim to destroy completely Hawala and back money. Many Indian people who keep lakh of 500 or 1000 rupees notes in house they must deposit in bank.
What to do if you have 500 and 1000 notes in your pocket?
Deposit to Bank or Post office before 30 December 2016.
What to do 2 days because banks close
Don’t worry, give your 500 and 1000 notes to Hospital, Milk Dairy, Airport, Railway Ticket and other government authorized centers where can exchange.