In a major step to check black money, the prime minister announced demonetization of Rs 500 and 100 currency notes with effect from midnight, making these notes invalid in a major assault on black money, fake currency and corruption. In his televised address to the nation, Modi said people holding notes of Rs 500 and Rs 1000 can deposit the same in their bank and post office accounts from November 10 till December 30.
Modi said the notes of Rs 500 and Rs 1000 “will not be legal tender from midnight tonight” and these will be “just worthless piece of paper.” However, he said that all notes in lower denomination of Rs 100, Rs 50, Rs 20, Rs 10, Rs 5, Rs 2 and Re 1 and all coins will continue to be valid. He also announced that new notes of Rs 2000 and Rs 500 will be introduced.
Modi added that there will be no change in any other form of currency exchange be it cheque, DD, payment via credit or debit cards etc.
He said the government has been fighting the menace of black money and corruption ever since it assumed power two years ago. He also urged people to help government in its fight against fake currency and black money.
Tweets about rs 500 note india
More Searched: 500 rs new note photo download, 500 rupees new Indian note image download, new 500 rs note photo and explanation download, 500 rupee note currency image download, rbi 500 rupees note pics download, front side of 500 rs note hd image download, back side of 500 rs note full hd image download, official 500 rupees note photo download, official 500 rupees note new 2016 photo download, five hundreds rupees note new 2016 photo download, panchso ka note 2016 rbi photo download, latest news of 500 note photo download hd