Tuesday, November 8, 2016

"INDIA" to discontinue Rs 500, Rs 1,000 notes, says PM Modi

 PM Modi Sayes

*We need to take a new solid step to fight black money. From now on, Rs. 500 and Rs. 1000 notes will not be used. Have 50 days to turn them into banks and post offices.
*On November 9 and in some places on November 10, ATMs will not work.
*Respite for people for the initial 72 hours, government hospitals will accept old Rs. 500 and 1000 notes till 11 November midnight.
*Petrol pumps and retail outlets will have to keep every single entry of cash transaction with 500 and 1000 notes till November 11.
*Crematoriums and cemeteries will also be allowed to transact 500 and 1000 notes till November 11.

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