500,1000 Indian Currency Notes Banned By Govt Of India
500, 1000 notes Banned | New 500 & 2000 rupee notes. PM Narendra Modi announces that old notes of Rs 500 and Rs 1,000 will not be valid any more. Stay with us for live updates.
New indian currency Rs 500 and 2000 Note is prepared by the Govt Of Indian to prevent the duplicate notes and there are lots of benefits of that.
500, 1000 rupee notes cease to be legal tender from midnight tonight: PM
Prime Minister Narendra Modi Took action regarding the currency and most for the black money..
How to Change the 500 And 1000 Rs Noted In Bank | Condition And Process
There is no restrictions on internet banking, cash, demand draft transactions.
Rs 10,000 daily cash withdrawal and Rs 20,000 weekly cash withdrawal limit
There are, however, some exemptions. Government hospitals,
till March 31, 2017.
These notes should be exchanged in banks and head post offices and sub post office within December 30, 2016, by providing a valid identity proof such as Aadhaar, PAN card or voter ID card.
From midnight of November 8, 2016, Rs. 500 and Rs.1000 will cease to be legal tender. “These notes are just papers from tomorrow,” says the prime minister.
Prime Minister says Rs. 500 and Rs.1000 are notes are mostly used in black money.
Corruption, black money and terrorism can come in the way of a country’s robust economic growth, says the Prime Minister.
He moves on from corruption to terrorism. He tells “terrorsists from across the border” are spreading counterfeit currency notes.
We hear stories of how autorickshaw driver returns gold left by a passenger in his vehicle. These stories tell how common people are honest. It is only a few people engage in corruption for selfish reasons, he says.
Corruption and black money are the biggest hindrances in the fight against poverty, he says adding that it is everyone’s responsibility to eradicate poverty.