Today Live Now How to Exchange Old Rs 500 & Rs 1000 Notes

 PM Modi’s Entire Statement On Discontinuing Rs 500 & Rs 1000 Notes are Banned: Rs 2000 Note Introduced

 
PM Modi’s Entire Statement On Discontinuing Rs. 500, 1000 Notes.Prime Minister Narendra Modi, addressing the country tonight, announced that Rs. 500 and Rs. 1000 notes will not be used from midnight onwards. The Rs. 500 and Rs. 1000 notes must be deposited at post offices and banks by the end of December, the PM said, adding the move was essential to fight “the disease of black money.”

Rs 500 or Rs 1000 Notes are Banned From 12AM 9th November 2016.

Indian PM Narendra Modi addressed the nation today an announced a huge decision against corruption and black money in India.

From 12AM November 9 Rs 500 and Rs 1000 Notes will be banned from India. Everybody must return their Rs 500 & Rs 1000 notes to the banks within 30 December 2016.

All banks and ATM will be closed tomorrow. Indian government done same in 1978 when it demonetised Rs 1000, 5000 and 10,000 notes.

Rs 500 or Rs 1000 Notes are Banned, Rupees 500 and Rupees 1000 Currency Notes will no longer be legal tender, India Gets New Rs 500, Rs 2,000 

PM Modi's

All banks and ATM will be closed tomorrow. Indian government done same in 1978 when it demonetised Rs 1000, 5000 and 10,000 notes.

Big announcement! From midnight tonight Rs 500 and Rs 1000 notes will not be legal tender, says PM Modi

Delhi: In a big announcement on Tuesday evening, Prime Minister Narendra Modi said that from midnight, Rs 1000 and Rs 500 would no longer be legal tender.

In a major assault on black money, fake currency and corruption, he said, “You have 50 days (From 10 November to 30 December) to deposit notes of Rs 500 and Rs 1000 in any bank or post office.”

“Currency notes of Rs 1000 and Rs 500 will be just paper with no value. These notes should be exchanged in banks and post offices within December 30, 2016,” PM reiterated.

“There will be respite for people for the initial 72 hours, government hospitals will accept old Rs 500 and 1000 notes till 11 November midnight. On November 9 and in some places November 10, ATMs will not work. There will be no change in any other form of currency exchange be it cheque, DD, payment via credit or debit cards etc,” he pointed out in his 40-minute address, first in Hindi and later in English.

“On November 9, all banks will remain closed for public work,” he further said, adding, “Notes of Rs 2000 and Rs 500 will be circulated soon, RBI has decided to limit the notes with higher value.”

“Those unable to deposit their notes of Rs 1000 and Rs 500 by December 30 for some reason, they can change the notes till March 31, 2017 by furnishing ID proof,” he revealed.

ATM withdrawals will be restricted to Rs 2000 per day and withdrawals from bank accounts will be limited to Rs 10,000 a day and Rs 20,000 a week.

PM expressed confidence that the staff of banks and post offices will rise to the occasion to introduce the new order within the available time. He also expressed confidence that political parties, workers, social organisations and the media will go further than the government in making it a success.

Rs 500 & Rs 1000 Notes are Banned: Rs 2000 Note Introduced

Except that Rs 500 and Rs 1000 notes, other notes such as Rs 10, Rs 100 will be valid.

You should submit your Rs 500 and Rs 1000 notes between November 10 to 30 December 2016 in post offices or in banks using a valid ID such as passport or PAN card.

If you are unable to exchanges your money within 30 December 2016 you will be allowed to declare them in RBI till 31st March 2017. You can only exchange Rs 20,000 per week and Rs 10,000 a day.

Tags: Rs 500 notes band, Rs 1000 notes band, Rs 1000 notes banned and Rupees 500 note banned,

Rs 500 or Rs 1000 Notes are Banned, Rupees 500 and Rupees 1000 Currency Notes will no longer be legal tender, India Gets New Rs 500, Rs 2,000 Notes

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