Rs. 500 & 1000 Discontinued in India – PM Shri Narendra Modi

On the evening of 8th November 2016 at precisely 8.00 pm in the evening, Prime Minister of India Shri Narendra Modi made a surprise address to the nation.

Today the night of 8th November 2016, 12.00 p.m. midnight onwards,  the Rs.500 and Rs. 1000  currency notes in circulation will be made void as a legal tender. This currency y will be invalid legally.  The facility to transact with the legal tenders in the denomination of Rs.500 and Rs. 1000 will not be possible post-midnight today.

This strategic, commendable and bold move essential to fight corruption, black money, billions worth fake currency & terrorism circulation in India has been applauded by all the law abiding citizens of the Republic of India. 

Another important video that one must watch is the RESERVE BANK OF INDIA PRESS CONFERENCE (courtesy DD News). Mr Urjit Patel, Governer RBI Press conference. Authentic information.

 

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